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


To: el paradisio who wrote (6463)4/16/2000 10:01:00 AM
From: c.hinton  Read Replies (2) | Respond to of 11568
 
Actually, there is nothing to keep it from going down forever,just as nothing can keep it from going up forever.
There are no guarentees.In my opinion,If the markets don't suffer from a big tech fault they might recover for a bit ,until recession settles in.However should investors be unable to execute orders, due to overloads of the system, confedence would evaporate. Who wants to own stock if your broker wont or can't answer the phone.It's happened before. How many of you ,as has been said here before,have been told by their doctors that they can keep on investing as long as they keep taking their medication?
yours
chinton



To: el paradisio who wrote (6463)4/17/2000 2:16:00 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 11568
 
This is looking ugly. WCOM broke support at 42, went to 37 (my next limit buy order almost cleared), and now we see the bounce. If it falters at 42, then 42 becomes resistance, and the stock gropes for a new, lower support level. Ugly for holders. Pretty for buyers.