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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: RTev who wrote (4820)	8/4/1999 5:04:00 PM
From: Scotsman	Read Replies (1) \| Respond to of 6846

I think what we have here is a conbobulation of many things hitting at once. First, Qwest goes after USW. The momentum crowd doesn't like that, so they dump. The mutual funds don't know what to make of it and its the end of the quarter, so they sell off to either lock in profit or loss. Hence you get a 66 million share sell off day. Next, after cooler heads prevail, Qwest starts to climb back up as people start to realize that this may be a pretty good deal long term. Lots of customers and pretty good DSL build out. Stock stabalizes. Next, the details of the merger come out and USW accepts. However, this involves cutting the dividend to nothing. Many mutual funds and private investors decide they want the dividend so they sell off. Stock tends down. Finally, this selling is augmented by the general tech sell off thats killing the Naz. Remember, many feel that Qwest is a internet stock, so the internet is being killed,so is Qwest. Long term I still think this is a great stock. The USW deal is still intact, and will be unless this continues until next March or so. USW shareholders are not driving this stock down.If they are, they have a lot more power than I gave them credit for, as they are also driving down GBLX, MFNX, AMTD, AOL,EBAY, and a host of others. I'm buying more down here, not quite yet, but probably soon.