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

To: FNS who wrote (8856)	7/12/2001 12:32:19 PM
From: FNS	Respond to of 11568

news: <<PHILADELPHIA, July 11 (Reuters) - Goldman Sachs said on Wednesday it cut its investment ratings on several U.S. telecommunications stocks, including WorldCom Inc. <WCOM> and Level 3 Communications Inc. <LVLT> fns

To: FNS who wrote (8856)	7/24/2001 7:04:01 PM
From: Doug	Read Replies (1) \| Respond to of 11568

FNS: Because earnings estimates from Mgmt have proved unreliable. Earnings have consistently been revised down although the CEO talks of 15% growth. The ony growth in WCOM is the hype.!

To: FNS who wrote (8856)	8/1/2001 1:55:31 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 11568

ST trading: siliconinvestor.com In mid-June, I bought when we hit 15, as I thought that would be support, as it had been in March. As it turns out, it was resistance, and we've been in a 13.5-15 range since then. I considered buying more at 13.5, but decided to buy TXN at 30, and NTAP LEAPs at 13 and 11 instead, both of which are doing nicely. So, the question now is, will WCOM break above 15? If we do, we probably will get a nice run, to the April top (20), or even the January top (23, although that would be a stretch, WCOM isn't that volatile a stock). For the moment, my plan is to wait a few days, and see if WCOM can break above 15. If we can't, then I'll set a limit sell order just below 15, take a small loss, and try to buy back at 13.5. If we do get above 15, I'll probably sell at 19.5, as I think it's unlikely any move above 20 will be sustained. I'm assuming we are still in a bear market, and selling the rallies is still the right thing to do. I'm starting to hear analysts predict no upturn in demand till 2H02. That's a change, just in the last couple of weeks; before that, the consensus was a recovery in fundamentals in 4Q01 or 1Q02. Odd that, when they say that, they upgrade the techs. WCOM is no longer considered a growth stock, you shouldn't expect it to participate in Nas rallies. It's an old-fashioned value stock now, at best. When people make lists of which growth stocks they want to hold when the Bull is back, WCOM is never on those lists. WCOM was on those lists, coming off the 1998 bottom. Mr. Market has sent WCOM to the junkyard, and everyone expects it to be broken up for parts and sold off, like a 20-year-old sports car that doesn't run quite right any more.