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

To: el paradisio who wrote (8557)3/3/2001 11:23:19 PM
From: michael97123  Read Replies (2) | Respond to of 11568
 
El,
Even with the Friday swoon I cant help but feel that after 5 consecutive down weeks that we will get the rally you project in your last post. Cisco and WCOM are two stocks that seem to have bottomed. Cisco in particular could produce a quick move to the 30 area. As far as wcom goes, I believe that once they split this company up, wcom will trade at higher multiples. Market is not paying any attention to that day. In january we got to 23-24. We have tested the old bottoms. Long term in an up market we should be able to break above 24. But this second move may wait until after the split up and analyst reevaluations.... Mike



To: el paradisio who wrote (8557)3/5/2001 9:34:42 AM
From: Yogizuna  Respond to of 11568
 
Thanks El, that is a very nice list! And, the appearance of Superbear Bill Fleckenstein on CNBC with Ted David last Friday may have marked a good buying opportunity for many beaten down stocks, but even if so, it still remains to be seen if what we get out of it will only be a bear market rally. Hope not. Yogi (trying to become Buffalo Bull Yogi)


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