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Technology Stocks : WCOM
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To: Aljorma who wrote (4117)4/6/1999 10:08:00 AM
From: rachel  Read Replies (1) of 11568
 
Hold Your Horses,

If you recall MCIWCOM made an earlier pitch at a potential wireless buyout, with an initial stock drop (thumbs down) and boom, they decided against it and whoosh- The price jumped almost 10 points. I think there are many tricks to the trade and this is one of them.

The wireless technology today is too expensive with little if any return. Too much competition due to the flat rate service. And yes, Bernie is a slave to the market, he will probably do what is seems logical or not, just to raise the price.
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