Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: DubM who wrote (7974)	8/27/1998 10:19:00 PM
From: Steven Bowen	Read Replies (3) of 12468

"I believe we are very near if not at the bottom. Therefor, i am ready to proclaim that the buying opportunity is here. JMHO" Wow, very gutsy proclamation Dub. I'm a little more nervous now. I think 98 will be looked back on as a bear market. I think we now need fear on the downside to match the greed we had on the upside of the bull market. I don't see the fear yet, at least no where near the fear we saw in 1987. Now that was flat out scary. Today was peanuts in comparison. I think we may well need that type of capitulation now to signal the bottom. Today wasn't it IMHO. Capitulation in todays market will mean a day of over 1000 down on about 1.5B shares (NYSE). Of course this may be preceeded by another few days of 300 or 400 down. So I realistically could see a bottom somewhere around 6500. Just my own wild ass worse case guess, but I sure didn't feel a bottom today. But, for the good news, I've been wrong a lot more than right lately.

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