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Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?


To: Stealth who wrote (1078)11/24/1999 10:29:00 AM
From: Shack  Read Replies (1) | Respond to of 16863
 
Stealth

The stock may be off 36% in 3 weeks but is up 1000% in a year, not that atypical in the tech stock world. I agree with you that the pullback has been large. I never thought we'd drop below $20 again but we are in uncharted territory now and without news to support the speculative run we had, there was bound to be a retracement. I guess I was expecting some news to support the price.

As for Sprott, they've actually been on the buy for over a week now and are the second biggest net buyers since the beginning of last week. They're buying again today.

With regards to the wireless rally over the last little while, IW, RIM, and UBS have all lost 20% to 40% of their value since their recent highs (SW is holding though, for now), so WIN is not unique here.

I don't know where the current bottom will be is but I intend to be on the bid when it makes itself known.

Here's hoping its soon.

Shack