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Technology Stocks : Winstar Comm. (WCII)

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To: Ellis Rudman who wrote (3493)1/21/1998 12:32:00 PM
From: Steven Bowen  Read Replies (1) of 12468
 
"Anyone care to take a TA guesstimate as to where we are headed from here? "

70 :-)

Shorter term I'd say is real hard to guess. Too many outside factors could jerk us around. ICIX could get a takeover bid and WinStar could jump to 40. Don't forget AT&T's conference Monday. Whatever they say should be real important. And WinStar's earnings are due within the month.

Without news, I'd like to hope we can base here somewhere around 32 and work off our overbought condition. It wouldn't surprise me see 28 ish again, but I'm not betting on it. Right now, I'm playing longer term (3 months or so) or short term (hours), but the 1 to 2 week term is kind of a mystery.
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