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FinancialAdvisor

09/18/05 2:44 AM

#11239 RE: Ginsengtrader #11222

***ABS... my take, get rid of it first thing this week/I'd even go as far as calling this stock a SHORT-sell above $26.03 if it acts correctly...

On the 3-year weekly, you can see how it's bucked up against big-time resistance... fundamentally the company has north of 6 and a half billion of total debt, I don't believe that fares well in a rising interest rate environment!...

Especially a sell if you caught it in the low 21's... congrats... you made north of 20% on a multi-billion cap company on the NYSE... it's time to take a think about pulling the chips back in!...

That's my thoughts on it... all taken in stride of course, what do you think?

My conclusion: ABS will get cheaper from here at least in the short-term if not the intermediate-term...