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Technology Stocks : WCOM
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To: Tom_ who wrote (5657)1/11/2000 10:09:00 PM
From: Ex-INTCfan  Read Replies (2) of 11568
 
This stock freaks me out. I bought it because I saw good growth at a reasonable PE, and here it is getting clobbered while my higher flyers are moving up on most days. I'm getting a bit worried -- not about WCOM -- I don't care how low it goes because my position in it is not large; but we are seeing quality stocks with proven earnings like WCOM, DELL, and SCH getting tarred and feathered while stocks with PEs in the triple digits go up at 10% to 30% per day. Not a good sign. I'm freakin'.

I haven't been as surprised at anything since people started paying money for water in the supermarket and listening to Rush Windbag on the radio (and admitting to it). What's gonna come next? I think I'll sit outside and try to sell blades of grass to the neighbors this Spring. Maybe they'll give me their homes in exchange.

INTCfan
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