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


To: Jacob Snyder who wrote (7480)9/7/2000 6:29:05 AM
From: JDN  Respond to of 11568
 
Dear Jacob: No, of course there can be no support lines we are below them all!!! However, I was listening to a local financial radio talk show yesterday morning. The fellow is fairly well followed around here and so far as I know has a pretty good reputation. He was saying something to the effect he believes several analysts were working in conjunction with their firms to manipulate the market for their firms customers. I called my broker about this, who is a pretty straight laced fellow, and point blank asked him. He said, its impossible to tell for sure but indications are they very well might be!! I think a lot of the drop in WCOM is purely market related and I think the market (NAS) is being effected by lack of leadership due to the calls on INTC and other semi conductor companies (yesterday it was MU) by a couple of analysts who would APPEAR to be TWISTING the facts. WCOM might go into the 20's (though I personally doubt it) but even if it does seems to me a good buying opportunity even using the REVISED income estimates of I believe @2.17 a share. WCOM is now A VALUE STOCK!! JDN