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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?


To: Louis savarese who wrote (11525)9/28/1999 11:48:00 AM
From: TheSlowLane  Read Replies (1) | Respond to of 12468
 
Louis - I hope your broker is right. If that is the case, it will be a demonstration of how trigger-happy the market is right now (haul 'em out back and shoot first, ask questions later). I am on the edge of my seat waiting for the Office.Com launch. Would be a pity if the pop we get from that just takes us back up to where we were a few days ago. Regards,

pkf



To: Louis savarese who wrote (11525)9/28/1999 1:17:00 PM
From: limtex  Read Replies (3) | Respond to of 12468
 
LS -

Are you sure about SSB? Because they have been big big supporters of the stock.

I don't suppose this is a new game like some analyst I think Morgan Stanley did to RMBS yesterday and downgraded them after they had been big supportters?

Anyway if there is no analyst interference then this in my view is just due to the crash and the end of the bull market which seems now to be firmly underway over the last week or so.

In any crash WCII will just wither in view of the short position and the fact that there don't appear to be any very firm holders. Trigger fingers are the order of the day.

My guess is that the fundamentals are just fine and that the company's business is going great. But at the entrance to the door of a huge bear market the stock doesn't stand a chance. Indeed not many do but when you aren't EBITDA positive it puts you at a real disadvantage and even more so when you won't say when you will be and with conviction.

Next week we've got earnings but it looks horribly like the market just isn't going to be interested and if it tanks next week there is nothing to stop it tanking till Christmas and then some or till we get below say 8,000 although why I should pick 8,000 I don't know since it can go all the way. There was some guy on CNBC yesyterday who said this is exactly what is going to happen and people should get out totally. Of course they always bring these guys out when it tanks but this time you've also got Mr Greenspan so happy that the market is tanking so I doubt he is going to lower interest rates to save the investors..I think we will get a bit of I told you so this time.

Best regards,

L



To: Louis savarese who wrote (11525)9/28/1999 4:07:00 PM
From: swisstrader  Read Replies (1) | Respond to of 12468
 
I own both WCII and FBR (those lovely folks who caused the hammer to come down)...I can tell you from what I've seen of the FBR folks, you should not have much to worry about...yes, they were the number one underwriter back a few yrs ago, but now no one knows who they are and have a stock that's trading at 6 and change...I was a bit surprised myself to see this selloff this quickly...hoping for a better tomorrow, or better yet that we pull a QCOM, a surprise everyone with terrific numbers...would also be advisable for management to make a public statement defending.