Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Jay Gatsby who wrote (8000)	8/30/1998 10:25:00 AM
From: limtex	Read Replies (2) of 12468

JG - I never in my wildest dreams thought that one day I would correspond ( if that is the right world for both being on a thread. I must think about that and maybe coin a new word) with J Gatsby!!!!!! One of my alltime favourite movies and great cinematography and sound. Still as of right now you and I are agreed on five stock in your list all of which I am sad to say suferred a bit last week especially on Friday. OK the end of the World. No I don't think it is the end of the world but I do think that so far as the Worlds economy in generla and Wall St and NAZ in particular there will be no improvement whatsoever until Japan gets its house in order. Plain and simple. All this Russian focus is irrelevent and no-one in Russia is going to let the situation develop into something nasty with rogue nuclear weapons or anything like that. Its terrible effect on the market is just because it was yet another piece of bad news and probably the precursor to a load more this week from Hong Kong to Brazil and Venezuela and S. America generally where US banks really do have an expeosure. Russia is has no big economic effect on the US economy. This week we are going to have the President in Moscow and we're going to be treated to the market just weaiting for this and just waiting for that and all the time evaporating iits value day in and day out and the same thing all around the world. First Japan in about 10 hours then Hong Kong then the Europeans led on the relentless downward path by the Germans and the Swiss. These markets were both down about 7% on Friday morning before recovering a little. But wat for Monday and a little downward help from Japan and they'll resune their weary way to ward the Titanic. Now for our CLECS and WCII Ed sent me the Grubman report and Goivernali's report. They are spectacular!!!! From basic performance to takeover potential WCII is great and could be fantastic. But tomorrow morning we could go below $20 and then below $15 and then below $10 and then ...... Not anything to do with WCII but simply because (a) individual investors don't want to buy shares any more( at the moment) (b) funds don't want to buy shares at the moment (c) individual investors are cashing on their mutual fund holdings in order to salvage something while they still can and (d) some market players are having ball shot selling anything that walks about on the fact of the earth and has the sun on its back!! Sad becuase in any other market circumstances our CLECs would give us enought to retire on by themsleves but this market is the Black Hole of investors. Just MHO I wish I knew what to do tomorrow morning!! Regards, L

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