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Technology Stocks : Winstar Comm. (WCII)

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To: Steven Bowen who wrote (3490)1/21/1998 10:34:00 AM
From: Brian Coakley  Read Replies (1) of 12468
 
Steve, funny you mention buying CVUS. Jumped in yesterday at $6 31/32. Missed the first move from 5 but think this may have a few more points to go. Close yesterday was above 50 day moving average and the chart is starting to look a little better, although I'm not a TA expert. Anyone care to comment on the CVUS chart?

Regarding the 28 ghz auction, I hope the 17 cent figure for our sake is very low, although I do agree with the way you calculated the number. I think there is a piece of the puzzle we are missing, but don't know what it is. Either that or these WCII licenses are not worth nearly as much as I had thought.

Regards, Brian
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