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

To: BEEF JERKEY who wrote (10297)	5/20/2002 9:22:57 PM
From: Yani Strei	Read Replies (1) \| Respond to of 11568

Bought 100 at $20, 300 at $7 and today 1000 shares at $1.44. My 15-year old daughter told me to buy stocks on the way up instead of on the way down. The stock has been going up in the last four trading days. Any comment or news on the company? Thanks

To: BEEF JERKEY who wrote (10297)	5/21/2002 1:05:48 AM
From: idealist1	Read Replies (3) \| Respond to of 11568

I agree with your overall assessment that WCOM will surprise a lot of folks. Expect a generous price pop after the shareholders meeting in late June. I can see the possibility of $7 in 12-18 months, but there is tremendous resistance and overhead supply at that level. It may take many years for WCOM to grind it's way back to $40, or even $20 for that matter. I bought at 1.14 on the day that it was dropped by the S&P. I wouldn't be surprised to see a 600% appreciation within 18 months, though I'm not counting on it. I saw on that largest volume day in history that the stock was under accumulation, even though it ended down for the day. After months of distribution, it has finally made the turn. The time to buy a stock is when everybody is bearish, as in Phillip Morris, Sears, Chrysler, etc. All the bad news had been priced into WCOM, its fall from the S&P, top management changes, disappointment in earnings, debt and financing problems, and possible bankruptcy. I feel comfortable owning WCOM at this level because the upside potential is far greater than the downside risk. This company has a real business with real assets, with a good money stream. Best wishes to all investors at this level