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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: Alejandro who wrote (2857)	11/11/1997 9:36:00 PM
From: Edward Murphy	Respond to of 12468

Ali, It's my understanding that ARTT is only planning on servicing other carriers and acting as a wholesaler. It is not planning on being a clec at this time. Therefore, a comparison is not really appropriate other than they both have licenses in the 38ghz area. ARTT only did 190k in revenues last quarter! I'll take WCII over ARTT any day. Ed

To: Alejandro who wrote (2857)	11/11/1997 11:44:00 PM
From: Steven Bowen	Respond to of 12468

Ali, my two cents worth. There is way too much risk and not enough reward in the market right now. I think all the news, hype, etc has been built into the price of WinStar now. Without news of merger/ acquisition, there is no reason to buy at these levels (speaking as a new large investor or fund manager). I know we all think it's eminent, but that's by no means neccessarily the case. Profits are still years away. If the market crashes, and no deal is in the works, stocks like WinStar can get hit 2, 3 or 4 times worse than the market (ie market corrects 10%, WinStar could correct 30%). I know we're right, and future is great, but we're still dealing with the same people who took us down to 9 3/4 just a few months ago. I know the business plan is validated a little more now, and revenues are up, but I don't trust the street to always do what is right or smart. I remember about a year ago now when we were heading up to 24 7/8, I bet somebody they'd never get another chance to buy under 20. Hah, we went below 10. If you can't tell, this market has me a little nervous. I'm setting 100% cash right now. I plan on playing conservative until the market's look to be on more stable feet, hopefully by Dec. I'm just gonna play the trader game when it's looks like easy profit to be made. And out every night. I've been thru some tough corrections, including 1987, when I was 100% invested. I always wished I'd saved some money to jump on the bargains, like WinStar at 18 just a few days ago. We've all made great profits here the last few months, and I'm not feeling like giving them back now. Playing in the market now is kind of like playing Russian roulette with your money, except there is about 4 bullets in the gun. My guesses: If the market calms and bases here like the last couple days, I think WinStar will drift back to 26ish. Market drops 500 points, low 20's. If market firms up in Dec and thru the Winter, I think 35 by mid Jan and 45 by April. My plans: I'll sit tight until either I can buy at 26ish or stock breaks 30. Of course, I always watch for strength like we noticed Fri morning and keep an eye on the options. With no merger news, I'd guess we settle down into a trading range maybe 26 to 30 for a couple months. Well, I guess that's my sermon for the day. Moral of the story; in this shaky market I think it's only prudent to take some profits off the table and await bargains on a sunnier day. But keep in mind, this is coming from someone who bet WinStar would never drop below 20 a year ago.