M2,
Thanks for the link re: WCOM. I realized early yesterday that the negative news was stemming from voice business and felt, as the article states, that they had been highly successful in moving more and more to data transmission. Since I did not stay on top of it early in the a.m. to get the move over 89, like you apparently did, I decided to ride it for a few days, if necessary. I did place an order far too late at 90 1/2, but of course, it never made it. I really don't see a lot of risk and, if necessary, within a week or two, the street will have forgotten about yesterday's news. I still think I a can turn it for at least 4 and maybe 6 pts, especially as the market gains the momentum that it appears likely.
Again, thanks.
f |
