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

To: pkwknk who wrote (3710)	2/5/1998 12:21:00 AM
From: SteveG	Read Replies (1) \| Respond to of 12468

<...ponder this..I figure this is underowned to the tune of 30-50 mutual funds..be conservative..500 mil$ funds x 1% position x 30 funds = $150 mil $= 4 mil shares...more aggressive, 1 bil$ fund x 2% positon x 50 funds= 1 bil buying power = 25 mil shares net OBV...> Good points. Fwiw, First Call shows current institutional ownership to be ~26%. Don't know if this is % of float or of SO, which would either be ~7MM or ~9MM shares. I do think a WCII is more attractive to the smaller funds than to larger ones. <..OBV very powerful TA indicator...has doubled to over 40 mil in last 6 or so weeks...add 5-25 mil shares bought, and this goes alot higher...> And then add the potential (inevitable?) lightening of the 4.8MM short (and concommitant decrease in artificial "short" float), especially by newer, "faster" money. <..only sh term red flag I see is parabolic like rally...100% above 200dma, 50% above shorter ones...> I agree we are short term overbought, and may have to retest 32-33. But to clarify the analysis, I show the 50day to be at 28.25 and the 200d to be near 21. This would be more like 28% above 50d and 72% above 200d. <..check chart of SFSK (powderless gloves ) looks similar..they can stay that way for quite a while (ie DELL)...only red flag I can see sh term....otherwise, TA and fundamentals have all engines firing...> That's, IMO, a nicer looking chart.. right AT 50d and ~ 40% above 200d (get in in April for a 3+ banger into Dec?). Appreciate your weighing in pkwknk. Steve