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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mohammed U. Karkanawi who wrote (84837)	11/2/2000 9:31:57 PM
From: Spekulatius	Respond to of 132070

Mohammed, I am very sorry to hear about your losses. Because I do not know your financial situation, I cannot give you any recommandation what to do. All I know is that I would hate to see ATT and WCOM at these prices. Despite all the trouble, analyst still think that ATT is currently worth at least 30$ per share even in the current bleak environment. The cable and the wireless assets are very valuable, as are some other pieces like ATT solutions and the international business. The same is true for WCOM. Currently the competition in the sector is very tough and is hammering the established player. But keep in mind that the companies like T and WCOM will survive but many newcomers like LVLT, WCG and to a lesser extend GBLX will run out of money next year at the current spending rates. This should improve the competitive picture for the established players again. Buy then we could look at much higher stock prices than today. I wouldn't hold my breath for anything beyond 40$ for T at this point though.

To: Mohammed U. Karkanawi who wrote (84837)	11/2/2000 10:33:08 PM
From: Hawkmoon	Respond to of 132070

My IRA was reduced to 43 cents on the dollar. Sorry to hear that Mohammed... The best you could do is sell covered calls on your T on a monthly basis whenever you managed to get a pop. The stock is a range rider from now on. But it is on its major 9 year support level, so you might consider it to be a "blood in the streets" value play, especially as they divide the company up. But long term, there are serious questions about the long-distance profits as more and more connectivity via the net undermines their position. With some nimble trading, and strategic covered call writing, you can recoup some, if not all of your paper loss on the stock. Or you can start out fresh with something else when the stock gets a bounce (and it probably will within a couple of months). siliconinvestor.com