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Technology Stocks : Winstar Comm. (WCII)
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To: ANDREW TISTLE who wrote (8181)9/8/1998 10:46:00 AM
From: gabor boda  Read Replies (3) of 12468
 
I see nothing but a bounce based on the NASDAQ up 70+. If you notice, WCII is at around 23 with very small volume(230K). There is no indication that the shorts have started to cover. I think that a good play at this time is to sell SEP25 CALLS against your long position. Assuming of course that you can afford the 25 takeaway(i.e. no tax issues etc.). The move upward has not started as of this time.
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