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Technology Stocks : Winstar Comm. (WCII)

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To: gauguin who wrote (4122)3/2/1998 2:52:00 PM
From: Steven Bowen  Read Replies (1) of 12468
 
Oh, don't we wish it were that easy!

Obvious profit taking and the downgrade probably hurt us a little. But when you've had a run up like we've had, I don't know if there is any way to make decent predictions. Based totally on the way WinStar has acted after the last few run ups, I don't think we have much downside risk. Somebody always looks ready to buy the weakness. However, at the moment, I'm not feeling any need to hurry into any new positions. Think I may just wait a few days and see how it shakes out.
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