Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Brian Coakley who wrote (2405)	10/8/1997 7:00:00 PM
From: TATRADER	of 12468

As you know Brian I sold my WCII the other day and bought MIND at 22.00 for my IRA account..Here is the story on WCII....There is a double bottom pattern in WCII...The base of the first bottom is at 10.00 a share....Measure from the bottom to the neckline at 17.50, and you get 7.50...Multiply 7.50 x 1.62 and you get 12.15....Add 12.15 to 17.50 and you get my 3-6 month target of 29.65....Breakout point now is at 22.62 on the bid...I would be a buyer of WCII on a breakout or a reversal to the downside...And if I was a betting man, just bought BNGO at 8.00, I would say I will get my WCII shares on the reversal... My Speed Resistance Indicator and Gann Retracement are calling for this stock to move down to the 18.33-18.50 area in an attempt to fill the gap just below those levels.....I don't think the gap will be filled, but a valiant effort will take place to fill it....I will be an aggressive buyer of WCII in the 18.50 area... Now for the other remote possibility...The stock is in a flag-pennant upmove with flag pole registering 5.00 in height...After the stock tapers off in consolidation, we could then see another 5.00 upmove from the consolidation point...However, we are going to need a whole lot of volume to do this...I have not calculated yet, how much we will need to break out...... Regards, Mark P.S. Be back on reversal or breakout...if I am at my computer... P.S.S. I know Lizard takes heat for the way he is, but he is one good trader...He nailed DSIC..Today it was up over 5.00 a share...On a 2.50 cent stock that ain't all bad...

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