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


To: c.hinton who wrote (6213)4/4/2000 3:37:00 PM
From: Jacob Snyder  Read Replies (2) | Respond to of 11568
 
re: a run on the dollar:

By the time most of their cash flow is from data/wireless/etc., most of it will come from outside the U.S. This is a longtime position I'm initiating.

Anyway, when people sell dollars, what are they going to buy? Yen? Not likely, until they write off the debts that have been uncollectible since 1989, and have a convincing economic recovery. The Euro? Gold? I can see good reasons why the dollar may fall, but I can't see any good alternative to the dollar, so I'm confused, and just ignore the problem. Another random variable in the equation.

Short-term WCOM chart shows a gorgeous double bottom at 41 and change. If we don't set new lows on a day like today, then the bottom is in.