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

To: pkwknk who wrote (4865)	3/31/1998 8:02:00 PM
From: Richard Dunaven	Read Replies (1) \| Respond to of 12468

pkwknk, I'm not sure I read your note correctly so please feel free to straighten me out but call leaps at 40-45 are at a healthy premium. why pay the premium if the stock will grow Qtr to Qtr. You pay way too much premium for a leap and there is no need as long as the stock climbs. I haven't looked lately but what is the Jan 2000 40 call?. Last I looked you pay about 15-20 bucks for this time and it isn't necessary. If you buy in the money you save a lot in time value your convert price is less, the time value is less and if your goal is to convert why pay the extra premium? I don't understand your philosophy but am willing to listen. Thanks Ric D.

To: pkwknk who wrote (4865)	3/31/1998 8:21:00 PM
From: Richard Dunaven	Read Replies (1) \| Respond to of 12468

To all, As most of you know I post rarely and only those of you who have known me for the last 3+ yrs can appreciate this. I am giving you good words of advice so don't dillie dallie. Today was a buying opportunity. Look at it as such and focus on the long term as we know it as it has not changed. Growth drives stocks and this is one that will prevail. This is as much hype, if you call it that, as you will see from me. Fink: If your negative energy isn't harnessed soon you will be broke. Don't say I didn't tell you so!! See Ya! Ric D.

To: pkwknk who wrote (4865)	3/31/1998 9:51:00 PM
From: SteveG	Respond to of 12468

<...any dip here is a buying opportunity, anthough I disagree a bit (maybe philosophically) with deep in the money calls within a few months...too little put protection..feel your leverage is adequate, and you time premium in worth it to buy 40 or 45 jan 2000 calls...> I agree. I bought the 40 VMQAIs tendered today at 7/8. I think the speculation of a buyout prior to the end of the year is lively enough to take seriously, but don't think it's imminent (say Apr/May). We've had a great run up, and we may well see 40 again, especially if the market sells as Asia bites Apr earnings, and fund cash deployment slows into May. I am a WCII buyer (with some fresh cash) in the low 40s, but will wait for pullbacks and likely not chase it. On the previous P-MP discussion, some word is that the P-MP technology may still have bugs to work out. If this is true (Bernard?), WCII may be playing it additionally smart (along with the previously posted reasons) to wait until next year to deploy bug free and retrofitting as NEEDED.