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

To: SteveG who wrote (2912)	11/15/1997 5:06:00 AM
From: Schmedley	Read Replies (1) \| Respond to of 12468

[I don't hype ANY stock, Schmed. Risk abounds.] Thanks for your thoughtful response. Perhaps I should clarify a point though; It seems to me (and I have been a market participant for years)that the actual business of the stock market is not unlike a pyramid scam that constantly adjusts its' "buy in" price but seldom goes bust. This is especially true in the so-called growth stock arena; stocks that pay no dividend worth considering -many of which have never shown a profit. But even the high dividend stocks (and real estate) are given to the fluctuations of perception and relative valuation. That being said, to some degree anything being bought or sold has a value based on perception or hype. By simply stating some facts while omitting others-we are all HYPING our point of view and this in turn either promotes or discourages new investment. On the AMTX thread it appears lately that your analysis of the facts (version of hype) would be to discourage new investment. You do bring many good observations to the thread. However at the time of my post (prior to the clarification your time frame and trading style) it appeared that you were failing to apply the same stringent standard to WCII that you slather all over the AMTX thread. My posting here was in that same vein. I have no investment in WCII but could in the future -and,if I can convince people to sell now and help drive it into a price range I consider worth paying then I've done us all a good service -Right?. Well, I'm sure there are some here who would argue that too. In regard to your trading style; I appreciate it, but will quote the late Will Rogers for clarification: "The way to make money on stocks is to buy 'em when they've gone down and sell 'em when they've gone up. If they don't go up -DONT BUY 'EM!" As I've said before, whether I appreciate the timing or general tone of your remarks or not, I have always valued your contribution and will continue to read your posts. Thanks Schmedley