Richard, et.al.:
They also underestimate the forces working to destroy them and the negative perceptions those forces sow.
You're probably correct. Public corporate management always has a harder time dealing with bear market PR than with bull PR. Be that as it may I doubt there's some sort of evil conspiracy afoot to drive WCOM into BK. It's simply a matter of FUD, not only with WCOM but all across the market (s). And when you combine this with what amounts to a sell side mania also going on all across the board....well...what you see is what you get.
As for WCOM, on Friday it broke down a lot further than I thought it would, leaving me in the red on a nibble of a position I'd established. So it goes. I'm now just going to watch and wait, because though I consider the equity again oversold the current market mood, as expressed by current trading patterns in Europe, is leaving me with the distinct impression I should turn all the machinery off and take a long 4th of July vacation (heh).
In any event, let's see if WCOM can hold above Fridays low, or continue to experience the sell side mania....
Highlow
American Citizen |
