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Technology Stocks : Winstar Comm. (WCII)

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To: silicon warrior who wrote (9583)12/15/1998 11:21:00 PM
From: SteveG  Read Replies (1) of 12468
 
<.. Might start to see selling late tomorrow ???..>

Could be, and if it continues up a lot into Thurs, I might be inclined to do a bit of profit-taking myself. Main reason I would hesitate is the possibility of further news into Thurs (and possibly afterward), with the likelihood of a flurry of new reports and models over the following day(s).

On the news front (over the coming weeks+) I would be on the lookout for things like partnerships, awarding of GSA (and other) contracts, roof rights progress, further internet strategies, etc.

<..The wcii artt purchase looks like the moron of the year move right now....>

You must have missed the 6 or 7 previous posts addressing this (suggesting WCII's purchase and implicit overture may have resulted in ARTT's price decline. Many (myself included) think the purchase was an important strategy play.

Re: Chrust - I have heard he will be less involved, but is not abandoning WCII. And he purportedly STILL owns many shares (something like 500K+). This has been a rough six months for CLEC investors, and it makes sense there could be some EOY P/L portfolio balancing.

fwiw, from NYC (with limited access)
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