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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Brasco One who wrote (18840)	2/7/2002 11:29:58 AM
From: 200ma	Read Replies (1) \| Respond to of 19633

transferring my profits in WEBX, OVER and GOLD into the next big sector---call me crazy but it is TELECOM in the next few months, went long PCS WCOM FON NXTL today bad news out, sector has been hammered Global Crossing gone, Qwest dilution, long distance revenues down, wireless subscriber growth down, etc good news coming---sector is still a big cash cow I myself pay over $300 in cellphone and local service, competition has made the rates lower but the reality is I pay what the telecom companies want bankruptcy, consolidation, liquidation, etc will all transpire in the upcoming months---nevertheless the sector will be around, and the ones with good cashflow will survive and rebound---the risk reward ratios are good---lose 100% of investment but can return 2-4 times the money