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Technology Stocks : Winstar Comm. (WCII)

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To: limtex who wrote (12225)11/7/2000 7:18:17 PM
From: TheSlowLane  Read Replies (1) of 12468
 
The newswires reported that a rumor is circulating having to do with WinStar securing more financing. That could account for some of today's move. Short covering comes to mind as well. Finally, if memory serves, we always get a good run-up prior to earnings and then a sell-off afterwards. Hopefully we'll get the former without the latter.

What makes you think that there is a big bear market coming, other than the talking heads on CNBC? Look at one of my former employers, Xchange (EXAP), from 60 down to 3 - a 95% "correction".

Anyway, I hope we get some decent numbers tomorrow...
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