Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: wrm1 who wrote (8439)	10/2/1998 7:07:00 PM
From: Don S.Boller	Read Replies (2) of 12468

wrml: HAVE NO OPINION ON WCII...................BUT DISAGREE with you on market. I started investing in early 50's (seniority) and became a NYSE broker in 1961...........Bear Market: If the bull started at Dow 577 in Dec. 1974 and topped at 9337 it has a long ways down to go....(oh...take a gander at the advance/decline line this year - to put in a top). A 50% retracement would take it to 4957........Then of course there is the (now "passe) yield guage - if the Dow would decline to a 3% yield (which used to be a "dangerous top" area)...it would sell at 5067. BUT, what if it declioned to provide 6% (by the way, most of the bears in this century have hit 6% or more (and assuming no dividend cuts), we are then looking at DJIA of 2533.................off a mere 72.8% !!!!! Can't happen? This time is different? Ohhhh Kay. Best, Don

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