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

To: el paradisio who wrote (6447)	4/14/2000 7:31:00 PM
From: jim black	Read Replies (2) \| Respond to of 11568

Quite candidly I admit I know nothing of reading charts but I know on this and all threads I follow that there are smart people out there who do read entrails, etc. I may live to eat my musings with a dose of rotten fish but I bought more WCOM today and FOR THE VERY FIRST TIME in the after market with Schwab account, got some more for 37. Of all analysts who venture comments on this company I rely most heavily on S&P reports that for me have over the years been most consistently conservative and seemingly objective. IF we meet 2001 earnings in WCOM of~$2.50/share then if your horizon is 3-5 years you are buying WCOM at forward peg(pe/projected growth of 25-30%) of .59, and even if they don't get FON due to crap from regulators we can bet they'll pull something else out their hats, eg, merger with VOD. I now own 4 stocks that comprise ~35% my total portfolio in IRA, rest in cash and T-bills,WCOM, of course, LOR(loser?? who knows), GBLX, in which I take comfort at the high insider ownership, and GMH(my DirecTV satellite provider out here in the sticks in North State, County of Siskiyou, barely in CA, and it's my hedge against LOR going tits up...But I've followed and invested in WCOM in its many manifestations and permutations since old MFS Communications days that provides a large chunk of the backbone of UUNet, the world's biggest internet backbone. Long and short is that I'm 57, remembering the '74 oil embargo when people said the days were OVER! for common stocks, I remember 1987 when I came home from the office to find my portfolio heavily damaged, and I go back again and again to a fundamental question: Why in Heaven's name Jim Black, did you buy this company in the first place?...With the exception of my extreme and growing pessimism that that one-time icon of the old defense business, the other Bernie,( I understand he gets really pissed if you call him that), Bernard Schwartz of LOR, I still cling to some fundamental optimism that the above companies will do very well in the next 3-5+ years...I have proven to myself many times I can't read entrails OR time the market, but with numbers like above for WCOM with Bernie heavily investing his own buttocks in the outcome, I think I'll relax for the weekend and intend to buy some more next week if it does get down to 35...And I try to remember some helpful aphorisms: 1) markets act like mobs but people usually don't get killed, just pushed along,2) trees(like the Internet stocks) don't grow to the sky, and 3)dubious to some perhaps, the world IS changing and WCOM is in key position, best in the world IMHO opinion to shape and ride the wave. Pardon the ravings of an old fart, but with WCOM I for one think we'll be more than okay with this company. Sorry for the rant... I wish you all a quiet and peaceful weekend......Jim Black

To: el paradisio who wrote (6447)	4/15/2000 6:43:00 AM
From: JDN	Read Replies (1) \| Respond to of 11568

Dear El: From what I have been able to extract from the news shows Fri. night, it seems that the healthiest thing would be for the market to open Down on Monday (due to margin calls), have a flurry of panic selling weeding out the last of the short termers and then begin a recovery either that afternoon or Tuesday. The consensus seems to be if that were to happen the recovery would be real and sustained. If it opens UP Monday then there is fear of a bear trap rally. Bottom line is there is a great deal of CASH on the sidelines awaiting the TECHNICAL indicators to buy. JDN