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Technology Stocks : Winstar Comm. (WCII)
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To: gabor boda who wrote (8514)10/7/1998 10:13:00 AM
From: Steven Bowen  Read Replies (2) of 12468
 
"but, something is rotten here"

I don't think there is anything rotten here. Just rotten all around the world and the small caps pay for it. The actions in these stocks are saying nothing about fundamentals. Everybody is nervous and the small caps with no earnings are the first to go. Look at the bright side, over the last month WinStar has probably held up better than the DELL's, Cisco's, Lucents, etc. Not much comfort, but to me it's good to finally see these leaders getting crushed (since I don't own any). I think these guys have to come down 50% before we can guess a bottom. Lucent is about there.

When the market does bottom, WinStar is going to be one hell of a buy.
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