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

To: michael97123 who wrote (7400)	8/28/2000 8:49:14 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 11568

Sold some at 37 1/16. Have more limit sell orders at 38, 39, and 39 7/8. Unlikely we'll get back into the 40s, IMO, on this rally. If I can sell at those prices, I'll be able to buy back in the 30-33 area. The stock is in the process of forming a new, lower trading range. Maybe 33-40. Even if the government now thinks they made a mistake, they won't admit it. The deal is dead, and it ain't coming back. But then, I was 100% sure they wouldn't block the deal, and still don't understand why they did it. Even if WCOM sells the consumer LD, they still need wireless, and reselling someone else's service isn't the answer. I don't know what the answer is, either. The need it, they can't buy with stock, they won't buy with cash.

To: michael97123 who wrote (7400)	8/29/2000 1:46:16 AM
From: Jacob Snyder	Read Replies (3) \| Respond to of 11568

multiple choice: When T warns, WCOM will: A) stay the same, since it is just due to an accounting change. B) go up, since bad news for a competitor is good news for WCOM, and there is nothing to indicate that WCOM is going to issue an earnings warning. C) go down, since sentiment is so bad that any bad news about any company in the sector is used as an excuse to whack them all. An earnings warning is an earnings warning, no matter what the reason. And the answer is..........C........and I was hoping to unload a bit more before this rally faded.