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Technology Stocks : WCOM
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To: DRRISK who wrote (5610)1/9/2000 9:59:00 PM
From: Larry J.  Read Replies (2) of 11568
 
Dr. I don't profess to be a TA analyst, however, FWIW I think the upside potential of WCOM @ ~ $47 far outweighs the opportunity loss by being left on the sidelines. Mid term risk from the current price is virtually nil! Friday's action was a bit of a fluke, as the entire networking / telecom sector was in a funk because of LU. I look for WCOM to figure prominently in the next Nasdaq rallies to the tune of multi point moves....leaving many wishing they weren't so cheap and had bought at $47 (no direct inference intended). Kind of like INTC @ $71 several weeks ago.

Larry
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