Always been more of a fundy guy ... but fact is TA has made a lot ofmoney for some people.

Looking at a 1 year chart .... seems to me LOK and LOK.A are showing somewhat of a cup and handle with a bit more consolidation required befor about a .25 rise????

UBS looks like the formation of a reverse head and shoulders is occuring ... upside about .20.

Is this a correct view?

Given we still have an agonizing 3 weeks before the bid process ends.and then a couple more weeks before closing and final approval, there would still seem an opportunity to take care of the trends.

Another thought

If I were a bidder, taking a serious run ... and knew I was putting in a substantive bid based upon the value of the spectrum, I might be inclined to cause a significant run-up (well short of my bid price) to shake out the medium to mildly strong hands.

Lets face it ... it would be a good business move if you bought ... running it up to 2.50 a share knowing you have to pay 5.00 otherwise ... even if all I could get is 2 or 3% of the shares that is still a $5 million savings ... be even smarted if I was bidding $10.00 per share ... of course it is a good argument that if this does not happen ... we might not be getting much of anything ... so i guess the next 3 weeks will tell.

That strategy seems pretty full proof given that a lower offer taken is still likely to result in some number greater than 1/2 your bid price.

Other thoughts?

orgy