Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] Message Board

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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]

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To: SteveG who wrote (709)	9/30/1999 12:49:00 AM
From: Mark[ox5]	Read Replies (1) of 1860

Steve, thanks for the research reports I got really lucky and sold out my position Monday purely for "raising cash in a weak market" reasoning. This sort of luck never happens to me. Anyways, I started buying back today both stock and Call options. Buying some shorter term and some Jan 35's. Expecting a bounce to mid $40s -- will sell some of the options for quick money. After that it might base for a while as it hits some resistance (200 day line). Just some guesses based on basic TA and typical overreactions. MMCN was the same way as this about a month ago. It dropped 58% on a 15% loss of business (the lowest margin business as well) <talk about deja vu> MMCN bottomed out at $22, and within a week was back at $30 (still well below its highs but if your a good vulture you could make 25% in a week on the stock and oh such nice returns on the call options) Based on longer term chart seems to be a lot of support in mid $30s area. Hoping it dips early tommorow morning for first 15 minutes so I can jump in to complete my position. (yes im greedy) Back to lurking, Mark

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