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

To: Kingpin who wrote (4824)	3/30/1998 10:20:00 PM
From: SteveG	Read Replies (1) \| Respond to of 12468

<..SteveG, are you concerned with the recent sell off in Telecom?..> As a trader of some telcos (who rides his winners), I sold NXLK last Thurs when it couldn't hold 36. I sold half my METNF in the 30s on the 11th, and the balance last week. I still own IIXC, TGO, ICGX, ENGSY, WCOM and WCII. I even bought CVUS last week as it bounced off 4 on good volume. I think someone may buy them, and in anticipation, $5+ would be a nice trade for me. (I probably bought some of Fink's shares. Or did he sell out at 3 3/8 <ggg>). And I looked at but missed ICIX. I will trade (sell) all except WCII and WCOM, though I DID take some option trading profits on WCII last Friday, and am waiting perhaps to get into some LEAPs. So I guess I'm not "concerned". Most I'll sell and two I'll keep regardless of the short term trend. <..I wonder if it is just a long overdue correction/ buying op or the beginning of lower valuations across the board...> I think the former, but then I can only really speak for the two I've done more significant due diligence on. <..what in your humble estimation is a solid entry point for a large a postion in WCOM?..> I own it. I think it's on it's way to a double from here in ~12-18 months, and higher past that. Does it pull back? It's certainly conceivable that it retests it 50 day, though I think (like WCII) 40 is pretty good support. A LOT of people are looking to buy it near there, so I don't know how likely it trades there or below for long. techstocks.com <..Sorry to bother you in the midst of FinkGate...> Please, pry us off this dead end discussion <1/2 g> Steve