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Technology Stocks : AT&T
T 24.830.0%Nov 10 3:59 PM EST
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To: j.d.robbins who wrote (1644)9/6/1998 12:15:00 AM
From: ahhaha  Read Replies (2) of 4298
 
In February I had advised someone that WCII was getting ready for a good correction but the stock should be held because they are well-positioned to benefit. It is their positioning that gives them the premium. The stock has corrected far more than I would have guessed, but I guess that isn't all that surprising given the radical change in sentiment toward stocks in general. I think you will be substantially rewarded to hold this company. I suggest that you don't add until it has built a base. This will take at least 6 months. Don't be fooled by a quick run back to 30. You want to see repeated tests of 20 and boring random price action. The low on Sept 1 tells you the worst that is currently expected, so it is no wonder that that low coincided with the log long term uptrend. If you get that quick run back up, know that October is waiting and know that you can expect more trashing. Ignore all of it.
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