Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: jluker who wrote (2691)	10/31/1997 2:06:00 PM
From: Steven Bowen	Read Replies (3) of 12468

I believe there is nearly 33M shares outstanding now giving WinStar a market cap of around $750M. With no earnings in the foreseeable future, can't hardly talk PE. But I'm looking forward to a PE of 25 on EPS of $10 per share in about 5 years :-) I'll take $250. Of course, has to be adjusted for about 3 2 for 1 stock splits. Selling the puts seems like nice easy money in the bank. Just seems a little too conservative (for me, that is) for this company at this stage. I've been a heavy buyer of calls. Risk/reward seems real good. PS Are you using a full service broker or do you have a discount broker? I've have accounts with a discount broker and E*Trade and neither one will let me sell puts. Both compannies (and their brokers) think it's way too risky. Like selling naked calls!! I've had some real go arounds with them. Sometimes it seems the idiots have never graduated from high school, let alone had any training in trading. I have an account with a pure option brokerage that I've used for some spreads and straddles, but higher commissions and no on-line trading. Would like to have one on-line account that has the complete package if anyone knows of anyone.

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