Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: silicon warrior who wrote (8591)	10/8/1998 1:14:00 PM
From: Steven Bowen	Read Replies (2) of 12468

"Why is 10 magic??" When we went through this same type of irrational sell off a year and a half ago, we hit 9 3/4 and bounced quick and hard and never looked back. Big difference though is that was in the middle of the greatest bull market ever. Now we may be in one of the worst bear markets ever. I'm not quite as bearish as Limtex, but I do think things will get a lot worse. I'm hoping though that the small cap stocks with no earnings like WinStar are the advanced warning early indicators for market, and from here on out it will be the big leaders that will get hurt as bad as WinStar has (well, probably not that bad). WinStar is due for a decent bounce though. Option prices, even those expiring next week, are still high. Hopefully they'll have a nice release shortly with a good spin on Joels numbers.

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