Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Kingpin who wrote (4859)	3/31/1998 6:33:00 PM
From: Steven Bowen	of 12468

"their telecom guys do not garner much respect on the street. If this was the sole reason for the selloff, it has created a great buying op." Yeh, I don't really understand it. When Lehman first downgraded this group on Feb 25 (ICIX,ICGX, MCLD), these stocks proceeded strongly upward. ICIX went from 73 to 91, ICGX went from 27 to 43, and MCLD went from 32 to 45, all within a couple weeks of the downgrade. I think they all closed up the day the downgrade was announced. So I don't know why they appeared to get so much respect today. Investors probably just a little more nervous at these lofty levels (I guess you know the feeling :-))

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