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Technology Stocks : Winstar Comm. (WCII)
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To: Jeff Anderson who wrote (3384)1/13/1998 11:54:00 PM
From: Patrick O'Connor  Read Replies (3) of 12468
 
Jeff,
Seems like a great stock. However unlike a lot of people on this board I feel free to buy and sell this stock. This stock will not go from here to 200 without bouncing up and down just like every other stock in the world.
$30 was hard to break through and the 29ish price had been a good point to sell. I might sell covered calls in the not so distant future.
Something silly that actually kind of seems to work is wait til the volume of shares traded slows down and the number of bullish posts on this board is high. Then sell covered calls.
No this isn't a proven method. But it has worked.
My prediction is:
With good news....$50 to $60 within three months.
With average or no news $26 to $28 within 3 weeks.

And the only thing I know for sure about stocks is that nobody knows. So take the sure thing if you can. Right now that looks to be a high premium on covered calls.
Just guessing.

Patrick
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