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Technology Stocks : Winstar Comm. (WCII)
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To: wrm1 who wrote (9513)12/8/1998 10:01:00 PM
From: Alejandro  Read Replies (2) of 12468
 
wrm1:
As SW pointed out, there is an emotional factor. The been there seen that concept. I am not shorting WCII. I believe in it as much or more than ever. I just refuse to see profits evaporate anymore.

There has been much talk about manipulation. I didn't believe it. I was wrong. This stock is being yo-yo'd and is volatile as hell.

At a point, I thought limtex and SW were too concerned. I was wrong. They were right. That does not mean I have lost my vision of where WCII will go. I simply have changed how I will get there with all of you and WCII.

It is tough making big bucks in the market. WCII is a way to make 25 to 30 % on it's volatility. A prudent investor must look at that.

Paul mentioned, not long ago, that I thrived on the volatility. Problem was that I wasn't cashing in on it. Those big drops we had didn't bother me cause I wasn't losing money. Until I realized I was not taking advantage of an issue that could make me money. I fell in love with WCII which you should never do.

Funny conclusion. Reviewed our investments with my wife. Told her, if I die, she should never sell WCII or QWST unless she needed the money. Told her not to sell either period. Within a week, I sold WCII. When she asked me about me selling it. Told her that WCII was killing me and I sold it so I could re-position it for her before I went thereby assuring she wouldn't have to even think about selling it. She gave me one of those Alice looks from the old Jackie Gleason Honeymooners.

The best way to play this may well be to get your 5000 shares and forget it. Don't think we can afford to take that chance. Well, I can't for sure. My wife ??? Shoot, she's watching Jackie Gleason again.

ac
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