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Technology Stocks : Winstar Comm. (WCII)
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To: Steven Bowen who wrote (852)3/4/1997 9:48:00 AM
From: Steven Bowen   of 12468
 
Technically, chart is showing no signs of a bottom yet. Everything's is pointing to still more downside. Bounce last week was a purely technical bounce off a very oversold condition (IMO of course). Only positive, option premiums are all above the Black-Schoales values which may be indicating a farther out up turn. Looking for around 11 5/8 in next couple days. At least now it looks as though we just have a lack of buyers rather than a glut of sellers. A couple funds step up, maybe we can fly.
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