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Technology Stocks : Winstar Comm. (WCII)

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To: Steven Bowen who wrote (7872)8/24/1998 1:36:00 PM
From: limtex  Read Replies (1) of 12468
 
SB and all -

This doesn't look good as we've got ? months to go before the next earnings and heaven knows what in terms of news from all over the world that the market is not going to like for months to come.

Sad to say it but once we've broken $30 and we close there then there is nothing to stop us falling to $10. The shorts will smell blood here and this time they know there is no buy out to save us and they will sell us all the way to single digits.

No-one is goin to believe rumours any more and BR has made it clear that he's not selling and so what is the point of staying in?

Its been a fun ride from here to $47 and back again but this can turn into a real disaster with nothing to look forward to. Just MHO.

BTW the one that used to knock WCII for months did not win. He didn't know of all the mess that the world markets were going to get into and at no time did he say that we are entering a nsty bear market. Not much consolation but there you are. I don't know what happened to SW but if he bailed he was one of the lucky ones.

Very sad day,

Regards,

L
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