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Technology Stocks : Winstar Comm. (WCII)
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To: SteveG who wrote (9477)12/4/1998 8:29:00 AM
From: gabor boda  Read Replies (2) of 12468
 
My take on the current situation is as follows:
1. Yesterdays ride was founded on the meeting that is coming up.
2. That 10+ million short position, which in my opinion is primarily held by "inside" major players will not allow WCII to go too far from its current position.
3. When we start seeing multiple up days with 5+ million shares going like fire, then that will be the sign that something is up because the smart boys will cover. That has yet to occur.
4. When the above does happen, I will be leaping in big time but for now, unless there's a major drop, I stand on the sideline and watch.
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