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To: ajtj99 who wrote (37775)5/2/2002 9:00:48 PM
From: KyrosL  Respond to of 209892
 
OT >>goodwill issue with WCOM

Yes, their book value is $22, but most of it is goodwill. Their tangible book value is still a positive $2.7, and above my average price of $2.09. But these numbers are irrelevant, if you are buying the stock for a trade after a gigantic panic dump. The stock will trade on pure sentiment, so psychology is more useful than accounting.

This will be my last post on WCOM. Don't want to crowd the thread.

Kyros


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