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

To: BEEF JERKEY who wrote (10573)	6/10/2002 4:24:02 PM
From: John Curtis	Read Replies (1) \| Respond to of 11568

Beef: Yah, WCOM may be day traded to death, but if so it's the big boys/girls who're doing it. As you stated yourself, Zillions of shares are whizzing across, via impressively sized blocks, in that bid +$.001 and ask -$.009 or so range. Retail can't do this. And just like I'd earlier commented todays intraday looked very similar to the relentless pressure which moved WCOM down over those recent 6 consecutive down days. However, given the run WCOM had on Friday, today shouldn't be that surprising. Especially once it became clear WCOM wasn't coming back from the "dirty bomb" yank-down. Profits in hand and all that. So maybe today was the normally expected profit-taking pullback? It did take most of the day to yank it downward by ~$.10, with a fair percentage of the volume occurring in the ~$1.66 to $1.68 range. I guess the next few days will prove the merit of this assumption. Let's see how the market plays it.... John~