Qwest Communications (Q) (formerly QWST) Message Board

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Technology Stocks : Qwest Communications (Q) (formerly QWST)

Q 84.35

+2.8%

3:59 PM EST

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To: Brian Malloy who wrote (4013)	6/14/1999 11:42:00 AM
From: Toby Zidle	Read Replies (1) of 6846

On the basis of street talk that QWST was an acquisition TARGET (plus the possibility of a chart breakout), I bought into QWST last Wednesday at $45 11/16. Then yesterday came the headlines that QWST would be the acquirer. Message boards indicated that QWST could be trading today anywhere between $72 and $35. With what information was available last night, the more likely course was the $35 side. What to do?? I contemplated getting out shortly after Open and switching to one of the other companies. Global Crossing?? Of course, GBLX quickly hit the skids too. And to buy Frontier or US West would be a double whammy of paying up for their new premium price in addition to taking QWST's loss. Not the smart thing to do, I decided. Maybe I should just take my lumps and exit QWST. Well, I was watching QWST holding very steady near $36 with the absolute worst hit being to $35 earlier in the morning. Is that as bad as it's going to get?? After hearing the interview of QWST's CEO on CNBC this morning, I was wondering what further downside there is. Those who can't go with the deal have obviously gotten out (in pretty heavy volume), but how much further selling is there likely to be? Not much?? After running as many scenarios through my mind as I could think of, the best solution seems to be BUY. So I've hit all my cash reserves and got a lot deeper into this one at $36 1/8. All there is left to say is: GO QWST!

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