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Technology Stocks : Winstar Comm. (WCII)

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To: Kingpin who wrote (4886)4/1/1998 9:16:00 PM
From: SteveG  Read Replies (1) of 12468
 
<..SteveG any Ideas what they are thinking during this correction...>

Late on this response, and though the stock closed up a bit today, regarding your question - if the stock pulled back to say, 25, I'd call that was a "correction", and analysts would confirm with the company and their customers that no major problems or changes had arisen. Confirming that, they would likely squawk reassuring comments. A 3 1/2 point pullback after a 20 point runup, and in the midst of some general telco profit taking, hardly catches anyone's (focused on FA) attention or concern.

<..I'll puke if they follow the usual analyst protocol and downgrade after the stocks weaken...>

This is not what most analysts do, unles they got blindsided by the company and it falls on bad news. COULD happen to WCII, but my sense is not.

my 2 cents.

Steve

BTW, where are you out of KP? I think you said you were once at sLeazeman. NY? 14 Wall? 55 Water? Just curious...
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