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Technology Stocks : WCOM
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To: despy who wrote (8433)1/11/2001 2:41:14 PM
From: jbhernandez  Read Replies (1) of 11568
 
If I may interject,
I think another reason the stock has gone up is the fundies are buying it big time, all the value funds out there are buying it up. It's a no brainer. Just as other funds were unloading for tax purposes, a lot of UNDERVALUED companies are being picked up. With WCOM @ 32, p/e is 20. I see no reason for it to not go up at least to there.
With that said, the Max-Pain number on WCOM is 17.5, but anywhere up to 27.5 seems reasonable by next Friday options expiration).
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