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Technology Stocks : Winstar Comm. (WCII)

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To: gabor boda who wrote (7572)8/6/1998 4:09:00 PM
From: limtex  Read Replies (1) of 12468
 
Gb -

We have been clearly ratcheting down ie we are locked in a downwards only adjustment and its been like this for weeks now. Of course this may not be surprising when you consider the massive short interest position.

We have certianly got to the attention of one ppart of the market being the shorts. Given the size of the short position it is surprising that we are still above $20 even though this company is going to be a big winner. This market couldn't give a damn.

Actually it makes me sick to hear CNBC trumpeting the NAZ rally today wheen we are stuck in a down ratchet but thats just the way it is. Poor AOL shareholders stock down from $140 to lesds than $98 yesterday and they cae out with stunning EARNINGS!!!! So maybe we're not too badly off. vJust can't wait till Dec 1999 could care less about the milenium but the anticiation of WCII well........

regards,

L

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