Williams Communications Group - WCG Message Board

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Technology Stocks : Williams Communications Group - WCG

WCG 349.92

+1.4%

Jan 23 4:00 PM EST

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To: MangoBoy who started this subject	9/21/2000 9:50:11 AM
From: samoyed	of 609

New 52wk and all time low (approx. -$40. or 66% off high), institutional holdings decreasing, any bets on when we will see $15. As we move into uncharted area, things could get real nasty. No word from mgmt. does not help and only says there is no good news on the horizon. Down on low volume but no panic yet, but at this point, we could see many selling into rallies and we will also see more tax selling in the last qtr. (most institutions/funds have already cleaned out the loosers). WCG is no doubt affected by depressed telco sector, but the recent added debt is what killed WCG. Until WMB finializes spinoff plans, I don't look for too much movement from here for some time to come unless someone steps up to buy out at this depressed price. Also like myself, many WCG holders (inst&indivd) moved WCG $$ into WMB on news of the spinoff (inst. interest increased in WMB and WCG decreased) as a safe play for both WMB & WCG. Right now, at an all time low, everyone is selling at a loss and that is the only positive I see on my screen at this time. Many reasons to sell, few reasons to hold if you want to keep your $$ working. Many other opps. out there. JMHO, §

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