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Technology Stocks : Winstar Comm. (WCII)

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To: Brian Coakley who wrote (10352)2/19/1999 1:21:00 AM
From: SteveG  Read Replies (2) of 12468
 
SSB technicals

Good memory, Brian. As you know, it was SSB technical who downgraded WCII before their last BIG drop. Interestingly, their RECENT call last Tuesday AM was an *oversold* BUYING-OP. After two more days of damage however, I'll have to see if they have maintained this call.

Like any long, I am not happy with the stock price or trading action. We were down today on a little stronger volume than the light volume of last 4 days. We also didn't recover much with the market turnaround this afternoon.

OTOH (and only a LITTLE comfort), we are not alone:

techstocks.com

I (hesitantly) suggest that Jan LEAPs be looked at as a buying op at these levels. Fwiw, I've been adding.

Everyone do your OWN due diligence.
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