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Technology Stocks : Winstar Comm. (WCII)

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To: silicon warrior who wrote (6255)5/26/1998 6:30:00 PM
From: limtex  Read Replies (1) of 12468
 
There is something about that number $40 that this stock doesn't like- -seem to stay away from it like oil from water. There must be people working on this stock with enough know how and resources to keep it in the range $33 -- $40 or just under. Don't know why unless there is some big logic relating to conversion prices and interest rates on debt.

That and the NASDAQ down its usual ealry summer 1.5% - 2% per day. There used to be an expression "sell in May and go away". So far as this market is concerend it should be "before May and go away".

Probably come back to normality aftrer the end of summer or latest Feb next year unless more Asian plague.

BTW I have absolutely no real foundation for making this prediction other than gut feel this afternoon.

Regards,

L
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