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Technology Stocks : WCOM

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To: BEEF JERKEY who wrote (10565)6/10/2002 2:36:50 PM
From: John Curtis  Read Replies (1) of 11568
 
Beef: The Neighborhood does present some intriguing potential to WCOM's bottom line. And would that Sidgmore and crew could provide some sort of preliminary analysis of the potential at the shareholder meeting.

But meanwhile, today's trading in WCOM has been dominated by the sell side, which has been very methodical in keeping the pressure screws tight since this mornings "dirty bomb" news. The trading characteristic I'm seeing is very similar to the pushdown that occurred the last time WCOM hit $1.80. This isn't to say WCOM is about to make yet another downside trip over the course of this week, but I remain firmly rooted to the sidelines until I see the players stop using the ask as a placeholder while they continue to either pound the bid or spend an interminable amount of time running huge blocks through in the....oh....for example....$1.641 to $1.645 area.

The ask is being all but ignored during this sell-side process.

John~
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