Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: giddy guru who wrote (2766)	11/7/1997 2:57:00 PM
From: Steven Bowen	Read Replies (1) of 12468

No, I agree with you. However that does make sense. High option trading is usually attributed to insider knowledge of some big pending news, ie takeover, merger etc where parties to the negotiations can leak info to family, friends, etc. This move looks like it came straight from Bill Vogel's desk with probably few others involved. And Vogel wouldn't dare buy any options before reitterating a buy and raising targets. That's why I decided to start selling my options today. After the market digest this and everything returns to normal (whatever that is) I figure we'll drift back to the 24 range, particularly given this overall market. PS Dub, markets around the world could continue colapsing also and Monday could be another down 500 points day. Just gotta weigh the risk vs reward and weigh how much risk you're willing to take at these levels and in this market.

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