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

To: TheSlowLane who wrote (3631)	1/30/1998 9:59:00 PM
From: pkwknk	Read Replies (1) \| Respond to of 12468

...as far as Dennis Patrick, Milliwave WAS the 38ghz licenses, period...venture cap guys in on it were rolled over into WCII stock...they never planned to be active in co...Patrick was a WCII board member by default...nothing personal, but he was not one of the inner sanctum, and was not active, although he is a very competent, accomplished guy...his selling is totally expected...as far as stock action, I'm a pretty crappy short term trader BUT it doesnt get much better than this (which is always a potential short term warning)---TA, money flows look great, but oversold...everything getting swallowed up above 32.. could go sideways to work off oversold condition....personally, you gotta be nuts to do anything but sit tight if you have a full position, buy any dip if you have a minor position,, and trade out only if you are smart enough (I am not) to pick the bottom in any correction...you are still early in instit accum....this one goes alot higher over the next 6-12 months

To: TheSlowLane who wrote (3631)	1/30/1998 10:07:00 PM
From: Steven Bowen	Read Replies (1) \| Respond to of 12468

"If you guys are worried now, you should have been around as we watched WCII drop from 20 to 10. Now there was something to give you ulcers." For some reason that is so funny I couldn't stop laughing for about three minutes. You can sure put things in perspective. It sure wasn't funny at the time. Mr. Patrick leaving doesn't bother me at all. I'm sure he got into these 38 GHz licenses as a purely speculative venture. That paid of big to the order of $100 million or so. I'm sure he got a seat on the board due to his past experience and as being such a large shareholder, but I don't think he ever had much to do with the companies planning or execution. I wouldn't blame him for cashing in. The only thing that would bother me would be if I found out he took a job working with Mandl. :-)

To: TheSlowLane who wrote (3631)	1/31/1998 1:27:00 AM
From: SteveG	Respond to of 12468

<..This is a rapidly-growing company, there is bound to be a certain amount of employee churn at all levels. If there were numerous defections going on at the top level I guess I would start to get concerned...> Agreed. <..If you guys are worried now, you should have been around as we watched WCII drop from 20 to 10. Now there was something to give you ulcers...> Not really worried, per se, but who is it only that survives? And I've been through many a major drop (usually gapping down pre-open such as with ATEA, PLNSY and INSO, to regurgitate a few bad memories). I just like to keep my back to the wall and one eye on the door. And thanks for the perspective. Regards (and very long) Steve