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Technology Stocks : WCOM

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To: c.hinton who wrote (10691)6/20/2002 5:41:46 PM
From: John Curtis  Read Replies (3) of 11568
 
Chinton: I am afraid investors who think that the good times will keep on rolling are in for the dissapointment of their lives...

Errr.....with markets hitting fresh lows for the year. And with the Naz having lost an impressive 70% overall, in a percentage drop exceeded in historic terms (so far) by only one past measurement, and that's the Dow of 1929, I seriously doubt there's anyone out there who currently thinks these are good times. Excepting if you've been operating from the bearish perspective these past couple of years. (VBG)

But for WCOM, it fell below where I felt it would go, eg. ~$1.40, though from what I could see of the intraday it seemed to be more or less tracking the performance of the overall markets. FUD holding sway once again. And this reality is rippling out all across the markets. WCOM is not alone. Yes there are pockets of strength; but they're just that, pockets.

As for what money is....hmmm...a medium of exchange for goods & services? A yardstick by which worth is measured? The infectious agent by which capitalistic systems infect all other systems? Take yer pick. ;-)

Now let's see if the markets continue south tomorrow, and take WCOM with them....

Regards!

John~
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