WCOME flip strategy:
Hope pray for nice dip today and MCITE to stay where its at!
This is why:
From WCOME's 8k Dated July 11th:
WORLDCOM, INC. ANNOUNCES DECISION NOT TO PAY JULY 15, 2002
DIVIDEND ON MCI GROUP COMMON STOCK
CLINTON, Miss., July 11, 2002 - WorldCom, Inc. (Nasdaq: WCOME, MCITE), today announced that, in light of current circumstances, its Board of Directors has determined the company will not pay the dividend of $0.60 per share of MCI group common stock that was scheduled to be paid on July 15, 2002. As previously announced, each outstanding share of MCI group common stock will be converted into 1.3594 shares of WorldCom group common stock, effective as of the close of regular trading on Friday, July 12, 2002.
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