Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: giddy guru who wrote (2780)	11/7/1997 5:30:00 PM
From: George Mc Geary	Read Replies (2) of 12468

giddy, I think this stock has a lot more power than you may give it credit for. The two news articles in prior posts tell the story and the stock reacted to it from the beginning of the day and broke the morning spike at the end of the day by almost half the same amount as the spike. You might think of selling Monday but, this afternoon when the stock broke through its morning spike of 27 1/8 I bot both Jan and Apr 30 calls. Could have bot them all about a buck cheeper had I done it at 26 1/2 but after the direction was truly confirmed (broke 27 1/8, for the second time) I jumped on them. I have owned this stock for almost 3 years and thought that at $32 there was still more value to be had and have ridden it down and back up and I am not giving it to stronger hands at $30. They might get some of it at $45 and the rest about $60. You can reduce your cost by selling options but I think you might be giving up a lot of upside for short term gratification. George

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