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Technology Stocks : WCOM
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To: Sonki who wrote (3413)10/28/1998 12:31:00 PM
From: Anthony Wong  Read Replies (2) of 11568
 
Oh Sonki, this is such a difficult question to answer. If I knew you'll be interested in WCOM as a trade, I would've suggested you to jump in at round about $41. WCOM management is too smart to be overly bullish in their earnings guidance to the Street. I expect them to exceed estimates by 2-3 cents, but whether that's enough to get the stock to $57 is anyone's guess (remember how PFE's earnings sort of "disappoints" and it went up?).

OK, I'll make a guess. Almost every brokerage firm is bullish on WCOM, so expect re-iterations of buys and strong buys. A few points up to re-test $57 on Thursday and Friday...but do be careful. What do the charts say?

Anthony
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