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Technology Stocks : Winstar Comm. (WCII)

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To: NTF2 who wrote (8199)9/9/1998 11:36:00 PM
From: limtex   of 12468
 
SW and NTF2 - -

1. WCII - The performance of WCII today is very encouraging given the circumstances of the market and clearly is attracting some institutional interest if not industry interest.

2. The Market in General -

Anyone see Lou Dobbs this evening during his interviw of the MS guy? Lou came as close to saying we're about to see a catastrophe as i've ever seen any host commentator. His guest was of the opinion that there is no good news anywhere on the horizon and that we are about to test last weeks lows and that we are headed well below 6,000. Lou at one point saiid that he wished he had stopped the interview a little earlier!!!!

They ahd some other heavy set gut I think from ML on also tonight and he said to keep out and stsay on the sidelines until we formed a real sustainable bottom which no way had we done yet.

Look everyone WCII is in my view great and will be a fantastic success but the market is going to tank and very quickly. Exactly what I predicted happened today and again I let my heart rule my head and did nothing. Now for the second time in the space of two weeks I want to get out completely except I can't bring myself to bail on WCII I just can't.

I'm not normally a negative type but the MS guy with Lou dobbs made it quite clear that what we are witnessing is the most serious market decline in living memory and is not like anything seen since the War ie since 1929 or even before. He implied that this is the worst of ALL TIME given the world wide anture of it and all the other bad news ie weak President and other world leaders.

Thats not me it was on CNN Lou Dobbs who is not normally known as a panic merchant.

Watch out tomorrow.

Regards and Sauve Qui Peut,

L

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