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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: RCJIII who wrote (28677)	6/9/2002 12:07:36 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Hi Robert. The general feeling is that the govt. won't let WCOM go out of business because of UUNET. Where does the stock go from here? Lots of volatility and daytrending heaven is in the cards. Overhead resistance is far above, at the 50 day MA and bottom potential is zero. Kew W. might love this play. Going with the market trend would be my strategy if I had a position with a profit on WCOM right now. Overall market is oversold and due for a bounce. Sell WCOM when the market is selling and buy it back if you still like it. Good to hear from you Robert. I was hoping that you would contribute to our portfolio thread.

To: RCJIII who wrote (28677)	6/10/2002 12:31:48 AM
From: Ken W	Read Replies (1) \| Respond to of 29382

Robert WCOM looks good to just under 2.00...all of those brave souls that bought below 1.50 are going to be getting nervous at that spot and want to take some off the table. If it can form a new base above 1.50 I'd be a trading fool between 1.50 and 2.10.......anywhere inside of that range would not be too bad on some size trades. stockcharts.com[m,a]daolyyay[pb50!b200][vc60][iUb14!Lp14,3,3]&pref=G Like you and Sergio I fully expect some bounce to this market over the next week and a half. Perhaps some of the mid east stuff will become background noise and there is not too much coming on the economy numbers for a little while. Sooooooooo. as they say, "don't short a dull market" may take over. Ken