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Technology Stocks : Winstar Comm. (WCII)
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To: gabor boda who wrote (11577)10/17/1999 9:30:00 AM
From: limtex  Read Replies (1) of 12468
 
GB -

WCII is no question a great company and a long term winner. OK I think BR needs to really focus on getting a date for EBITDA positive but he and Nate are doing a great job.

BUT the market is a real problem. I wish someone here could tell me that we aren't going to see a full blown collapse this week and that there is a purpose to buying stocks in this environment. Trouble is that I see the following ( which I will post on the other threads to see what others think:-

1. Mr Greenspan. He has not missed an opportunity to talk the market down in the last couple of months. The more the market tanks the more his warnings in the past look credible and the more presumably he likes it so I don't expect he will say anything to encourage investors to return to buying stocks indeed just the opposite.

2. Although we haven't seen much sign of inflation, there is no question that a doubling of oil prices can on its own bring down the whole western economy. Artifical oil price increases by that bunch of OPEC gangsters amount to a huge tax on the Western economies as well as a big inflationary boost. The only way that this has been dealt with in the past has been by massive increases in interest rates. IMHO there is a clear and present threat to the economy by the unwarranted oil price increase and it will end as it has every time in the past with a recession.

3. Mr Greenspan again. This time last year and in 1987 Mr Greenspan immediately lowered interest rates. I don't think he will do that this year so if there is a crash this week there is absolutely nothing to stop it from going all the way as Cramer though itwould last year just before Mr Greenspan lowered interest rates.

Any soothing or calming coments welcome.

Best regards,

L
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