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Re: pitbull74 post# 24608

Friday, 07/14/2006 8:03:44 PM

Friday, July 14, 2006 8:03:44 PM

Post# of 44374
GTE is doing well considering that the NAS closed today at a new 52 week low. We're at least above the May low. Can we go lower? You bet, but I don't think it has anything to do with GTE. It's the market in general. 50 cents? I doubt that. The resilient we're showing is because P/S is about 1 with near term profitability. Geopolitical situation is taking the center stage. America is built on cheap oil. Look at the transportaion system, look at the housing that based on automobile society. Expensive oil is the worst enemy to the American economy. Until this situation clears up, don't expect a rally anytime soon. Like I said, give it until Sep-Oct at the very least.

Stop whining like a little dog and start acting like a pitbull that you picked as a name. People always pretend to be something that they are not.


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