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Technology Stocks : Winstar Comm. (WCII)
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To: Alejandro who wrote (10141)1/23/1999 8:07:00 AM
From: TheSlowLane   of 12468
 
Traders used to love this stock because there were three things you could count on in life: death, taxes and volatility in WinStar's share price. If it is true that WinStar is finally getting some respectability (Fidelity's 10% stake, etc.) then I believe that we may be on our way to becoming a more "boring" stock. It doesn't meant that there won't be pullbacks, but perhaps not to the extremes we've seen before (actually, I don't know if anyone would characterize a move from 48 to 10 as a pullback). In addition, I agree with Bow that there could be further developments that could take us up quickly. And of course, there's still a large short position out there.
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