Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: gruetz who wrote (12104)	9/16/2000 1:18:27 AM
From: Bernard Levy	Read Replies (3) of 12468

Hi gruetz: Yes, the telecom sector is starting to be dirt cheap. In addition to the movements you noticed MFNX plunged below $30. I think we are very close to a bottom for the incumbents (T, WCOM, FON, the RBOCS, DT, VOD?) but not the challengers. Ray Duray of the FCTF has found yet another fiber network under construction: petronetcorp.com The same folly is raging in Europe. I just don't see how anybody is going to make any money. I will be looking carefully at the bond issuance for the 3G auction players during the next 2 weeks. Besides buying a basket of WCOM, VOD (still shaky in my eyes) and VZ, other safe ways of playing a bottom in the incumbents would be to use TTH (Merrill's telecom holder) or a mutual fund like FSTCX. The CLECs are still some way from turning around. It's still anybody's guess as to when the selling climax will take place (tax loss selling around Xmas?). After April-May 97, August-September 98 and the current period, I hope we can all agree that in spite of its rewards (primarily for traders) CLEC investing requires a phenomenally thick skin. Regards, Bernard Levy

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