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

To: BWAC who wrote (8812)	6/20/2001 6:45:05 PM
From: MJ	Respond to of 11568

Let me go back----I invest technically, however I have to be sure that there is a reasonable expectation that a stock a company has a viable technology, product etc. and growth potential. Staying with WCOM----when I originally bought MCIC,it was a concious decision of whether to buy MCIC or Viacom---knowing I was speculating on the future. Reading Popular Science Magazine to keep abreast of what was happening in communications/satellites/fiber optics(no internet yet)-------then decided to go with MCIC. At that time there was no chart as MCIC had not gone public. When it did go public I bought 50 shares at about $12.00 per share. And being a technician I then saw the market crash and MCIC crash to $1.00 plus a few cents along with all of the other stocks---i.e. Teledyne, Rockwell etc. In spite of the crash, and negative news----the company began to prove it could succeed---issuing bonds and common stock to raise capital. Throughout all of the lawsuits and FCC cases-------MCIC would crash to some level----and then revive. And, it proved it would succeed in opening up the monopoly of ATT. The story was reflected in the chart----and as a technician I could read the charts knowing when to buy and sell. I have not done the fundamental research on WCOM's prospects for growth and earnings. What I see now is what I read----a stock in decline and not yet showing signs of consolidation for a move up. Would I buy just any stock on a technical basis----the answer is no---there has to be a reason for me to look at a stock----in the right industry, in the forefront of research, in a consumer area where there is demand. I don't know the answer to the earnings flow with WCOM----if they are developing new markets which they seem to be then eventually it would seem that earnings flow would come along. What is your reading on earning flow and new markets? Dinner now. mj