| I agree with your overall assessment that WCOM will surprise a lot of folks. Expect a generous price pop after the shareholders meeting in late June. I can see the possibility of $7 in 12-18 months, but there is tremendous resistance and overhead supply at that level. It may take many years for WCOM to grind it's way back to $40, or even $20 for that matter. I bought at 1.14 on the day that it was dropped by the S&P. I wouldn't be surprised to see a 600% appreciation within 18 months, though I'm not counting on it. I saw on that largest volume day in history that the stock was under accumulation, even though it ended down for the day. After months of distribution, it has finally made the turn. The time to buy a stock is when everybody is bearish, as in Phillip Morris, Sears, Chrysler, etc. All the bad news had been priced into WCOM, its fall from the S&P, top management changes, disappointment in earnings, debt and financing problems, and possible bankruptcy. I feel comfortable owning WCOM at this level because the upside potential is far greater than the downside risk. This company has a real business with real assets, with a good money stream. Best wishes to all investors at this level |
