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Technology Stocks : Worldcom (WCOM)

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To: zjw who wrote ()5/2/1996 8:03:00 AM
From: olduser   of 19
 
A couple things I have found out since I bought 100 shares at $40 - I think they are now trading at $45 or so. the stock was added to the S&P 500 list of stocks which meant that mutual fund managers trying to mirror the 500 had to buy shares, which helped in the share run-up. Also I learned that the founder cashed in a lot or most of his shares (John Warnock or some similar sounding name ) recently. I bought WCOM and LCI (the 5th largest long distance provider) at the same time with a view to either or both being a takeover play, after I read about this in a Business Week article. I tried to start a thread earlier without much success. Paul L.
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