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

To: c.hinton who wrote (10703)6/21/2002 10:04:47 AM
From: paul t  Respond to of 11568
 
Does it take 4% more Dollars to buy the BMW this week than last? What about an American vehicle are they the same price?



To: c.hinton who wrote (10703)6/21/2002 10:08:08 AM
From: John Curtis  Read Replies (1) | Respond to of 11568
 
Chinton: ut your dollars a still worth 4% less when you buy your bmw...

So buy a GM/Ford and f*ck the status a la Warren Buffet style, eh? ;-) Meanwhile it looks like it took ~10 million shares sold from market open to shove WCOM to ~$1.31, a point from which it's, so far, recovered. Today looks to be the usual wild and wooly triple witch. I figure WCOM will close in the upper $1.30's, unless some "nuclear" news company specific, market wide or political in nature occurs.

John~



To: c.hinton who wrote (10703)6/21/2002 10:53:04 AM
From: Oeconomicus  Read Replies (1) | Respond to of 11568
 
Oops - wrong again, chinton. You see, BMW builds cars in the US now. Right up I-85 in South Carolina. So they don't need to raise prices by 4%, even if they could, to maintain margins.

Do you understand how multinational companies' currency risk works?


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