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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (4865)	8/10/1999 2:32:00 PM
From: redwood	Respond to of 11568

i think you got the big picture.....if you want to buy why not wait for the market to turn around...wcom is heading below 70...what's to stop it....good company...bad market...wait for the good stuff..an sell short the overvalued....redwood

To: limtex who wrote (4865)	8/10/1999 4:04:00 PM
From: Maven	Read Replies (1) \| Respond to of 11568

To Limtex: We are experiencing a mindless overreaction to the so-called Long-Distance war between the telecoms. Mindless, witless,however we label it, the share price is hammered because of investor perception. One would think that informed investors would realize that WCOM generates a minor amount of revenue (5% I believe) from consumer long-distance charges, versus 56% for AT&T, and yet investors have taken the share price down over 20% in the last 5 days. The fundamentals of WCOM's business plan remain intact, and I regard this as a fantastic opportunity to nibble at the stock. Where is the bottom? I haven't a clue, but in this unfriendly environment the price will not turn around on a dime; it will settle out, consolidate, test the bottom once or twice, and after Greenspan comes down from the summit on August 24th with his Commandments re interest rates,, I expect the market to exhale in relief and start a slow, painful climb back up. This evening, I will consult my charts, read the tea leaves, stir up some chicken entrails and come up with my best guess of where the major support level might be. (It's called Technical Analysis.) But as I said, I will be a buyer, a timid buyer at that, but nibbling at WCOM down to 70, and perhaps a bit lower. Stay tuned. Robert S. Sheldon For the record, I am heavily long WCOM and have sold covered calls recently.

To: limtex who wrote (4865)	8/10/1999 7:04:00 PM
From: silicon warrior	Read Replies (1) \| Respond to of 11568

L; You are undoubtedly right; prices will drop relentlessly without stop; I see $3 as a WCOM entry point; WCII and ARTT will be free....<gg> Best Regards...

To: limtex who wrote (4865)	8/11/1999 5:44:00 PM
From: Maven	Respond to of 11568

From the charts, WCOM has made a steady climb from the 54 level to its top price. Now that it has retraced some of its upward move, I see no strong support level except at 54, and that doesn't look all that strong to me. For my family accounts, I have been nibbling at these levels and will continue to add up to a price of 85. Sell out and try to buy back at a lower price? An easy way to get whipsawed, and only for the most nimble of us. The fundamentals of WCOM are very strong, the earnings projections are do-able and I side with the analysts who expect a price of 110 in 12 months. Of course, I'd like to see that 140 projection come true, but I wonder what that analyst was smoking who made that call. I've stayed the course with this core holding through the ups and downs, and expect that we will see more ups than downs after the FED makes it pronouncements on Aug. 24th. For long-term investors, I advise the same. Robert S. Sheldon