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Technology Stocks : Winstar Comm. (WCII)

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To: Kingpin who wrote (8492)10/6/1998 2:16:00 PM
From: Steven Bowen  Read Replies (1) of 12468
 
"Cannot resist. Gotta buy below 18 and walk away."

Listen to the bonds if you won't listen to me; the fourth quarter is going to be weak. And probably the first and second.

I'd almost agree with you, but I've been thinking
"Gotta buy below 15 and walk away."

The scary thing about this drop is that the prerelease of numbers should be about due, tomorrow morning would be my guess. This isn't the way the stock would be acting if any type of good news is coming. I was planning on buying today for hopefully a good bounce tomorrow or upon release of the numbers. Right now I'm not so sure. The problem is, you buy in one day too soon and the stock could drop 2 1/2, then they can release the numbers the next day and you could get the 2 point bounce, but you're still in the hole.

I'm lowering my projection for Dow about daily. I'm down to about 6000 right now.
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