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Technology Stocks : Winstar Comm. (WCII)
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To: Steven Bowen who wrote (3471)1/17/1998 12:04:00 AM
From: SteveG  Read Replies (2) of 12468
 
<..we got the Vogel report. What's left? Do we have any more short term powder left?..>

Expect more from Vogel next week. Don't know if it'll do any more to the price though. It's in front of a lot of folks though now. Grubman is largely unknown to the SB side of the sales force, so as more tune in and look for ideas, and telecom news and M&A continues, I expect WCII will move in starts. I doubt we'll see the 20s again, without a major correction, and then IMO, we'll have some more buying op.

<..Getting pretty over bought also...>

No doubt fast money is here, but patient funds (as pknkwk suggested) will likely continue to lend support.

<..Maybe a good time now to write those covered calls now?..>

IMO, with the potential volatility of telecom in general, and with WCII somewhat front and center, I'd be pissed to get called out on a sustained spike or buyout offer (accepted or not).

Steve
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