AI
Sunday, March 07, 2004 1:37:11 PM
RC-Mexico's Radio Centro Loses $21 Million Arbitration; Shares Drop
Look for dead cat bounce to continue, with an upday on monday. Depending, may look to enter at end of day, with HOD as stopout. This thing broke key level of support, and next level is at the $3 range. Have never really shorted before, so any imput please. Noticed almost half of the total assets is goodwill. Will a case like this force them to write down their goodwill value in near future? I have no idea.
Look for dead cat bounce to continue, with an upday on monday. Depending, may look to enter at end of day, with HOD as stopout. This thing broke key level of support, and next level is at the $3 range. Have never really shorted before, so any imput please. Noticed almost half of the total assets is goodwill. Will a case like this force them to write down their goodwill value in near future? I have no idea.
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