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

To: gabor boda who wrote (11670)12/14/1999 9:23:00 PM
From: DubM  Read Replies (1) | Respond to of 12468
 
Hi Gabor,
I keep expecting to see a general market selloff before the year end from folks deciding to play it safe even though they may not expect any Y2K problems. An insurance agent told me today that they were starting to see a lot of people moving their money into fixed interest due to Y2K fears. But who knows.
At one point today, I noticed NXLK's market cap was at about 9.7 Billion. That could lead one to believe that there is a lot of room for WCII to move up.
Although I would be tempted to sell in the 64 range, I plan to continue to hold my shares as I do not want to incur the tax liability this year.
It sure would be nice if everyone would weigh in and get this thread moving again.
Regards to all,
Dub



To: gabor boda who wrote (11670)12/14/1999 10:08:00 PM
From: pkwknk  Respond to of 12468
 
My guess purely on the chart, is that it is close to overbought, but close in TA, means very little, so on TA even if my senses, tell me say otherwise, it can go higher by working off the the overbought condition by going side ways i gets to that point.inmyho!


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