Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: gabor boda who wrote (752)	2/24/1997 10:22:00 AM
From: Steven Bowen	of 12468

It appears that there are alot of buyers but our seller is just relentless. It appears the free fall halted temporarily when someone stepped up and bought 32,800 shares at 13 5/8. I don't think there is any way that the seller is a Mutual Fund or Institution. A MF will plan the entrances and exits from a stock so as to impact the price as little as possible. This seller has no regards to the price, and maybe even wants it lower. It would seem to be crazy for anyone to be shorting the stock at these levels, although momentum is a pretty powerful force. How low can it go? Hey look at the bright side. We've already fallen from 25 to 12 in the last couple months. There's no way we can fall more than 12 more.

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