Monday, October 05, 2009

BAGAKOAA October 5, 2009 11:01PM


Oct. 5, 2009

Someone asked:

XL up or down?

You don't specify over what time period so if your looking for the next 3 mos, I'd say slightly up to maybe 19.50. The fundamentals don't support that as their earings are flat, revenues are flat, debt is huge, but there is a heavy Put to call ratio that could short squeeze it up a few points.

If you are in, and up I'd take the money and run. If not stay away.

Salve Lucrum


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