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

To: 16yearcycle who wrote (10054)	5/13/2002 11:56:57 PM
From: shortilong	Read Replies (1) \| Respond to of 11568

The removal from the $SPX was expected and many mutual funds sold their holdings when they dipped below $5. i have been waiting for this news for a couple of weeks now. Hopefully, the last shoe has dropped (short of announcement of BK) Best to all S Long

To: 16yearcycle who wrote (10054)	5/14/2002 7:30:45 AM
From: John Curtis	Respond to of 11568

Eugene: ...you can be sure the managers were selling it ahead of the announcement...both because they may have known and to continually having to adjust for the drop... Based on observations of intraday trading machinations I'd say this is an accurate statement, especially after WCOM broke below $5, a point from which it fell rather rapidly. I figure today will witness WCOM having one more, retail-styled, reactionary drop to this news followed by a period of wallowing around sideways while everyone waits on that final shoe, the SEC review. Afterwards those bullish can only hope on your "kicked butt" comment. What a mess. Let's see how today goes.... John~