SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Winstar Comm. (WCII)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Patrick O'Connor who wrote (3210)12/23/1997 9:07:00 AM
From: Steven Bowen  Read Replies (2) of 12468
 
Patrick, no need to get nervous yet. Remember this Summer after we ran from 12 to 19, we stopped and based between 15 and 19 for a full three months before we started this last push to 30. A period of basing here in the 25 to 30 range shouldn't be unexpected (or unwelcomed). It is important we find some level of support somewhere around where we are now. Given the state of the stock (we have a ton of juicy profits) and the state of the overall market, I think we've held up remarkably well.

I'm looking for two things to turn us around (apart from any consolidation rumors or news):
The end of the quarter is here so I look for a very positive preannouncement from WinStar.
I'd also think Vogel would be putting together another statement on WinStar's numbers and hopefully putting a very positive spin on WinStar's latest moves and acquisitions.

In any case, I think we're oversold here and can find a level of support. I'm still optimistic we can break out to the mid 30's by Jan option expiration.

PS Remember this Q is the end of their fiscal year I believe, so they have a longer time (60 days I believe instead of 45 days) to get their earnings report audited and submitted. May not see report until end of Feb instead of end of Jan.

PSS Ali I posted as Bow from MI on Yahoo. I also got on that guys butt. Looks like we may have chased him off. He really was acting like an idiot (worse than Robet). We did have a couple folks from WinStar post here, but we never heard from them again after their first post. That's why I thought maybe WinStar asked them not to post, but apparently that's not the case.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News