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Technology Stocks : Winstar Comm. (WCII)

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To: bob glass who wrote (8109)9/2/1998 6:20:00 PM
From: Jason Cogan  Read Replies (1) of 12468
 
bob:

I don't claim to have a crystal ball. I'm just an old fashioned investor, who prefers to look at balance sheets and cash flows rather than analyst recommendation.

Winstar may see a technical bounce, but I don't think a prolonged recovery is in the cards. Stocks like Winstar are bull market stocks, where investors are willing to look past current financials towards "hoped for" future earnings. In this respect, I see Winstar and the other CLECs as similar plays to the internet sector.

I don't see this type of sustained optimism returning to the market anytime soon.

Just my 2 cents.

Regards,
JC
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