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

To: HH who wrote (9100)	2/5/2002 4:16:37 PM
From: Rob S.	Read Replies (2) \| Respond to of 11568

I'ts bound to be pretty ugly but should now be factored in. I honestly don't know, (maybe can't know because I'd be at the mercy of the new age accounting), if Worldcom is cheap at this price level. The market for telecomm services is weak and isn't likely to improve soon. But the cap on the stock looks low enough so that if they can show light at the end of the tunnel it seems it should rise. But I just can't say because who can figure out companies like WorldCom with all their fancy new fangled accounting methods. . gosh darn, I'm just a simple guy with my little Internet trading account. It would take a room full of rocket scientists and FBI agents to figure out what a company is "worth" these days. I use technical analysis to try to determine the likely direction of stocks I can't fathom otherwise. I think WCOM will finally bounce off of this level. There was a large surge of volume, over 5 million shares traded in a minute a few minutes before the close at this level. I think we see a pop, maybe after hitting down in the early trading on margin call and panic selling. Don't try to take that to the bank. . . WCOM has dropped a few tens of billions in market cap over the past few days and who knows what will hapen next?