WCOM Message Board - Msg: 13429831

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Technology Stocks : WCOM

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To: VFD who wrote (6444)	4/14/2000 5:37:00 PM
From: djia101362	Read Replies (2) of 11568

I think we've all had enough of this bloodbath. My theory has alwasys been that the stocks go up much higher than you think they can and they also go much lower than you think they can. We have seen both ends of the spectrum over the past few months. Unforturnately WCOM did not participate in the euphoria stage but it is now participating in the carnage stage. I have to believe that when this market does settle down and resume the uptrend, and I sure this market will trend up again just don't know when, WCOM will be a participant if not one of leaders leading this market back up. Right now there is no light at the end of the tunnel and after what we've witnessed this past week, it's easy to believe all of the headlines saying things are going to get worse. Just think back over the past few months how many times you heard analysts justifying the nosebleed P/Es in the net stocks but sure enough, the bubble has burst. Now we're at the complete other end of the cycle and the analysts are now calling for the end of the world. THE SELLING WILL END SOON ENOUGH. I doubt we'll see a meteoric rise in the Naz like we witnessed in December but my belief is that "old tech", companies with honest to goodness real earnings, will lead the way back. I'm looking at my screen today which tracks about 30 tech stocks and there are only two stocks w/ tiny little "L"s next to them signifying a new 52 wk low. IMO both stocks have been unfairly beaten and both stocks did not participate in the manic Naz explosion back in December. The first stock is our WCOM, the second is MSFT. I'm sure 6 mos. from now we will be laughing about this as WCOM will be well north of $50. Unfortunately right now many investors are dealing with margin calls that they never imagined could ever become a reality. The weekend could not have come soon enough. Let's hope next week brings back some rational thinking in this market.

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