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Post# of 704019
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ardent jd

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ardent jd

Re: None

Sunday, 03/21/2004 10:48:44 AM

Sunday, March 21, 2004 10:48:44 AM

Post# of 704019
Liberty Media, longer-term idea:

http://stockcharts.com/def/servlet/SC.web?c=l,uu[h,a]waclyyay[pb50!b200!f][vc60][iub14!lp14,3,3!ll14...

Large ascending triangle measures 50% higher.

Fundamentals are solid: stock selling at 30% discount to NAV, company just reported above expectations and announced spinoff of international assets with more shareholder value enhancing moves to come, and strong management team led by John Malone.

Potential concerns: Comcast owns a large piece, which may need to be liquidated to fund DIS acquisition, if successful. Also, stock reacted badly to the good news of last week...never a good sign short-term.
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