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


To: JDN who wrote (5429)11/30/1999 3:50:00 PM
From: Roadkill  Read Replies (2) | Respond to of 11568
 
Today's downdraft is a little disconcerting. We broke the 200 DMA on big volume. I can't find any bad news out there. We are approaching the upper end of the collar for the FON deal, which I think is around 82. The farther WCOM is below 82 when the deal closes, the more dilution WCOM shareholders face. On the other hand, the FON deal isn't likely to close until the end of next year, and by then I'm hoping that we're way above 82 (post-split!). In any event, I'm still waiting to buy as per my earlier post. I don't like to fight the tape. Been burned too many times. I'm still holding my long-term core position, however. I'll hold that until they pry it from my cold, dead hands. ;o)

RK