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Technology Stocks : WCOM
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To: John Curtis who wrote (10696)6/21/2002 2:28:45 PM
From: tejek   of 11568
 
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.

WCOM is doing a retest of its previous low of $1.08. For that reason alone, it does not surprise me it dropped below $1.40. I was expecting it to go only as low as the mid 1.20's. However, today is triple witching where everything is exaggerated. Plus, the stock has the uncertainty of a $5 billion financial package hanging over its head.

ted
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