Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: jluker who wrote (2202)	9/23/1997 11:36:00 AM
From: Steven Bowen	of 12468

Man, the power of those technical traders!!! Who would of believed yesterday they could have dropped us a point and a half. I see next to no overhead at 19, at least compared to what we had in the 17 - 18 range. Just that dang glass ceiling. Once we break it, look out. Then all these technical types will be buying and not selling. It seems like before when we bounced down off 19, negative news followed to take us lower. Hopefully, with no negative news, we will regroup quickly and mount another assault. Hopefully, since I just reloaded my option positions 100%. Need positive news on next attempt or 19 is going to get almost impossible to get thru before long. PS Brian, I'm not sure how Mark would enter and/or why he wouldn't have been in yesterday at 18 5/8. I have a problem with the way traders use charts ie don't pay any attention to intraday highs and lows, only open and closes. I don't see much significance on WinStars chart around 18 1/4 to 18 1/2. It seems pretty obvious if you want to catch the breakout you'd try to enter at 19 1/32, but good luck getting in there. You'd at least wait for 19 to be broken. I be pretty scared shorting around 19. If it happens to break, look out.

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