Jason:
Relative performance with respect to the market
depends strongly on the time frame. WCII is still
up more than 100% with respect to its April 97 bottom.
There are not too many stocks in the market which did
that well in this time frame.
Regarding tying up your capital, the answer is that
you do not get to play unless you are in the game.
In other words, you do not know when WCII will rise
(assuming it continues to execute well) It could be
4 months from now, or 3 months, or 5 months, but no
one will tell us ahead of time. May be as a trader you
can discern when an uptrend has started, based on TA,
but personally, I am highly skeptical of TA, and
prefer to rely on fundamental analysis.
Maybe Steve's target of $100 by Dec 99 is optimistic,
but if WCII executes well, Steve will get $100
for his shares at some point (he may have to wait
beyond 99 IMHO). In fact, if he can wait 6 or 7
years, he could see $200 or more, since the true
payoff for WCII (large profits from a fully
built out network) is further out.
Best regards,
Bernard Levy |
