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

To: c.hinton who wrote (10691)	6/20/2002 4:59:50 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 11568

sorry ,what i just edited out was uncalled for. I didn't see it, so no offense taken. OTOH, you do have some hot-headed tendencies. ;-) As for optimism about the market, I really have no idea. Investors are a fickle, emotional lot. But every day that passes makes this market look more and more like Winter 2000 in reverse. The mantra then was buy the dip - now it's sell the rally. Then, good news was good and bad news was good - stocks went up on any news. Now, just the opposite. The business media then was giddy with every new high and optimism knew no bounds. Now, every headline is a sensationalized attention grabber, exaggerating anything negative or cautionary in the actual news story and frequently not even remotely resembling the real message. Then, self-proclaimed gurus like Cramer scoffed at any notion that markets or individual high flyers were ridiculously overvalued, and well-known bears like William Fleckenstein were openly ridiculed, sometimes to their faces, on air. Now, the mere suggestion that the world is not coming to an end and that, just maybe, buying a leading communications company at 4 times free cash flow is a reasonable bet is exaggerated to "you bulls think tech stocks are going to return to their highs of 2-3 years ago" so that the real message can be easily dismissed. The "there's no telling where the real bottom might be" bears are just playing the flip side of the same broken record the bulls played 2 1/2 years ago. And it's many of the same people singing along. Bob

To: c.hinton who wrote (10691)	6/20/2002 5:38:17 PM
From: tejek	Read Replies (1) \| Respond to of 11568

You are obviously much more optimistic about the market in general than I am.I am afraid investors who think that the good times will keep on rolling are in for the dissapointment of their lives.But then what do I know? I suggest that everybody think hard about what money is (It is a very abstract concept).I would be interested to hear peoples ideas on the subject. The condition of the markets is not uniform by any means. I think there are parts of the markets that warrant optimism, and other parts that don't. I have stocks that have gone up just about every bad day for the past two weeks. There are sectors that are recovering, but they're just not telecom or the techies in general. There is always money to be made......and that's why I challenged your bearish position a couple of weeks ago. FWIW. ted

To: c.hinton who wrote (10691)	6/20/2002 5:41:46 PM
From: John Curtis	Read Replies (3) \| Respond to of 11568

Chinton: I am afraid investors who think that the good times will keep on rolling are in for the dissapointment of their lives... Errr.....with markets hitting fresh lows for the year. And with the Naz having lost an impressive 70% overall, in a percentage drop exceeded in historic terms (so far) by only one past measurement, and that's the Dow of 1929, I seriously doubt there's anyone out there who currently thinks these are good times. Excepting if you've been operating from the bearish perspective these past couple of years. (VBG) But for WCOM, it fell below where I felt it would go, eg. ~$1.40, though from what I could see of the intraday it seemed to be more or less tracking the performance of the overall markets. FUD holding sway once again. And this reality is rippling out all across the markets. WCOM is not alone. Yes there are pockets of strength; but they're just that, pockets. As for what money is....hmmm...a medium of exchange for goods & services? A yardstick by which worth is measured? The infectious agent by which capitalistic systems infect all other systems? Take yer pick. ;-) Now let's see if the markets continue south tomorrow, and take WCOM with them.... Regards! John~