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

To: P.M.Freedman who wrote (8654)	4/19/2001 3:29:53 PM
From: Oeconomicus	Respond to of 11568

$20 million (or more precisely, $18 million) is a relative drop in the bucket for a company with $13 billion of trailing EBITDA. If that's the reason for today's weakness, then the sellers are, shall we say, shortsighted? I think too much money is flowing, in a knee-jerk reaction to the Fed's rate cut, back into the same ol' stocks that lead the bubble market. It's as if people think they just woke up from a bad dream to discover that "everything's OK after all". When people realize it wasn't just a dream and CSCO and others are still overvalued, they will look for new leadership to sustain this market move. WCOM, I'm betting, will benefit from the shakeout of upstarts that are now running out of money and options and will be one of those leaders. I just wish I had sold my April calls on the first try at this resistance. But, hey, lots can happen in a day.;-) Bob