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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 83.27+0.1%Dec 24 12:59 PM EST

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To: PetroLou who wrote (2788)1/27/1999 11:34:00 AM
From: Scotsman  Read Replies (1) of 6846
 
I actually agree with the analysis that Qwests earnings could be lower than expected and make the stock drop. They are on a tear, and I am not sure of what terms these contracts they have been making have. Hence, although they may have great prospects, they could have an earnings shortfall. Since the modern market is dominated by day traders and short termers, it could cause some selling. I am very long, and would view this as a buying opp. But day traders and short term traders might not have this same view. I certainly would not short it, primarily because I don't short, but if I did, I would not consider shorting unless I could make at least a double. I don't see Quest going to 30, so shorting fails miserably in my book. Might consider buying some puts depending upon where the stock is and the premium.
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