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Technology Stocks : WCOM

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To: FNS who wrote (10711)6/21/2002 1:19:53 PM
From: John Curtis  Read Replies (1) of 11568
 
FNS, et.al. Current price action $1.21 x $1.22 and looking for deeper moves. So much for my prognostication capability (ie. WCOM to close in the mid $1.30's). I just bought some at $1.21 but quite frankly I'm dubious (I'm a gambler at heart....but never with money I wouldn't just as soon roll up and "smoke").

The intraday has been more or less a straight 45 degree angle decline. All buy side strength has been heavily sold into resulting in a very nasty day from the buy siders perspective. The only saving grace? By recent weeks history this sell-off has occurred on declining volume.

Not that it makes it any easier to watch......then again...the Dow is once again off another ~115, the Naz is once again off another ~10, and the S&P is below 1K at ~995. So I guess you could say WCOM has lots of company.

John~
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