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

To: FNS who wrote (10029)	5/12/2002 1:57:08 PM
From: tejek	Respond to of 11568

RE <<assuming all the bad news is out. If fact, it's put in a classic double bottom. >> Still have the SEC investigation to play out! This plus negative analyst comments and media bad news is perhaps creating potential downfall -- self prophecy. Such negative perception is dangerous. Analysts' reputations had been bruised, so now they are coming out of the woodwork to knock down WCOM at every chance! Once a glimmer of hope arises, they'll all be coming back! Hindsight is always 20-20! Hopefully, Sidgmore can do CPR on WCOM. fns, you're right. However, there is a point when all the bad news is priced into a stock. And I would say with WCOM that we are pretty much there with the exception of the SEC investigation.......that's the wild card. I watched the action pretty closely on Friday.......someone was trying to keep that stock from breaking $1.60 and even within the last 30 seconds, it kept going back and forth between $1.58 and $1.60 before ending up at $1.58. There seems to be support at this level. I don't think those articles in Forbes and Barron coming out on Friday were by chance. Of course, we will know better on Monday. ted