WCOM Message Board - Msg: 17560503

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Technology Stocks : WCOM

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To: BEEF JERKEY who wrote (10466)	6/5/2002 1:38:35 PM
From: tejek	Read Replies (1) of 11568

Last week everyone was "anticipating" this brighter future and willing to buy. Now sentiment has done a 180 and bleakness is the only possible outcome. It most definitely is a manic-depressive market! I think last week most people were taking advantage of WCOM's dead cat bounce. I don't think there are a lot of people who believe in WCOM's future right about now. Anyway I'm hanging in there with 2/3 of my original position and ready to jump back in. I'm in cheap (bought my first lot @ $1.12) so I got a "comfort" zone. Longer term I know WCOM will go higher - much higher. so I'll sit tight and just reminisce about the $1.80 days for now! Just watch that three week old low of $1.08. I suspect the bounce will come around $1.25. What we don't want to do is break thru $1.08. However, once that retest is done and its successful, meaning that it bounced off a number above $1.08, watch how quickly the share price recovers. At least, that's what I am hoping for. Congrats on your trade @ $1.60 - its looking good right now! Thanks but nothing brilliant about that move. Once we had a sustained drop of 5% or more in one day, I knew it was time to go back down. WCOM is nothing but interesting, that's for sure. <g> ted

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