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Transat 5

04/23/06 7:54 AM

#20495 RE: Bannister #20489

Bannister,

When I said 'below $2.00' I was going to write 'around 1.50'

I didnt because I would maybe be seen as some sort of fish LOL

Also I was mindful of being accused of rank pessimism as others have been.
It has been called on other boards 'The GTE cult'.
I think stepping back and not falling in love are healthy here.

You must be aware that this accumulation without news of either the Russian deal or Strat may become another short attack and take it down to that level we shall not mention.

I stopped being long and strong last year and frankly it has been less of a daily concern to just jump in and out.
The clincher was Meyer stepping down so as not to risk sullying his good name. Something wasnt right.

I beleive Low has been cautioning much the same.

GLTA