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

To: BWAC who wrote (8810)	6/20/2001 6:02:27 PM
From: MJ	Read Replies (2) \| Respond to of 11568

I cannot speak to net asset value. While I don't ignore fundamentals totally-----I look at what is happening with a stock technically. At present, WCOM has been declining and does not show a turn in the long term moving averages---or basing from this level. If the stock should start basing here for a significant period of time and stop the declining pattern, then one could take a good look at buying longterm. If the stock continues this decline, and I am not saying it will, then I would wait for a selling climax before buying. A selling climax will find high volume and a spike down. If a spike down occurred---then one buys instead of selling and goes contrary to the popular sentiment. Also, there does seem to be a move now to mid cap and small cap stocks. This may be where the next bull market is----basically, a rotation of stocks----with a waiting period before WCOM has its day again. WCOM is not the old MCIC anymore---however, I do see parrallels in the action of the stocks. MCIC went through many times when the market analysts downgraded it and it hit bottom only to revive and move higher. Suggest if possible pulling up an old chart on MCIC since it went public in the early 1970's-----the MCIC story is there in the chart. And, of course now-----we have the WCOM and MCIT stories. mj