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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]

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To: GVTucker who wrote (1595)1/25/2001 12:09:08 PM
From: silicon warrior  Read Replies (1) of 1860
 
GVT: I was not clear, sorry. I think what you really mean to say is valuation concern, not necessarily fundamental. That is, the share price went up--as value increases, it becomes more of a short candidate, even if your opinion of the fundamentals remains positive. For example, decent and fair analysts will downgrade a stock when it reaches its price target--nothing amiss fundamentally, simply fully priced. Here, if you believe the WCII shares are worth 18 bucks, you're long from 10 to 18. At 22, you conclude they're overpriced and go short, still believing in the fundamental prospects. That's all I meant.
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