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

To: Jacob Snyder who wrote (8816)	6/21/2001 12:16:30 AM
From: MJ	Read Replies (1) \| Respond to of 11568

Jacob I agree too re. WCOM not being a longterm holding just now. That is why I would wait for an upside confirmation. If one buys now and the stock should break on the downside then you are out $. I've done a little cleaning out of truly old favorites of 25 years which have made $ and am now rotating that into other possibilities. Also, parking some in dividend paying stocks while I wait. Being longterm now is not easy to do----the market is so short term oriented that it is difficult to buy for longterm. Goodday mj

To: Jacob Snyder who wrote (8816)	6/21/2001 10:41:10 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 11568

OK, what am I missing? ICIX shareholders have approved the deal and it is set to close in ten days, yet ICIX is still trading 50-60 cents below WCOM and you get 65 cents worth of MCIT to boot. That's an 8%+ return in ten days - more if leveraged. The arbs run out of money or something? Bob PS: I can see this resulting in pressure on WCOM, but one would think that there'd be more upward pressure on ICIX. I guess the market just wants to slam communications stocks, regardless of financial strength.