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Technology Stocks : WCOM
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To: Jacob Snyder who wrote (6621)5/16/2000 10:11:00 PM
From: John Koligman  Read Replies (1) of 11568
 
I've had my eye on Worldcom for some time as I tend to be attracted to beaten up big tech. However, I've been trading the stock, it's similar to Compaq in that it seems to move in a range from 40-45, with Compaq moving from 25-30 over and over again. I agree that in a slowdown the high PE stocks take a much bigger hit, just as the 'fiberfliers' have (JDSU and the like). For now, Worldcom appears to be going nowhere fast...

Regards,
John

PS - I also can't see the market rallying big in here, the FED did say they are inclined to continue tightening. As you say, time will tell.
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