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

To: John Curtis who wrote (10572)	6/10/2002 3:20:59 PM
From: BEEF JERKEY	Read Replies (1) \| Respond to of 11568

Yeah WCOM has been day traded to death this last month. Zillions of shares have gone through at bid + $.001 and ask -$.001. Every time a hundred K makes that round trip it's $800. Not bad if repeated over and over. Still price can't go up or down without actual buying or selling. I figure anyone in higher has now either sold or decided to hold. Otherwise a fairly large % of the float must be in new hands under $2. It has to be in the "neighborhood" (Nice how I work that word into my posts - no?) of 4 or 5 billion shares traded under $2. That's a nice base. Bollinger bands are constricting for the first time in a long while. This is actually a fairly reliable indicator of a impending sharp move one way or the other. My "logic" would be that it would be a move up to the $2.50 range with the shareholder meeting, $5 billion loan and news like "the neighborhood" getting more widely known. Forward guidance should be really positive. One problem though. Since when does logic have much to do with the stock market? Happy trading!