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


To: gabor boda who wrote (5350)4/21/1998 3:27:00 PM
From: TheSlowLane  Respond to of 12468
 
I too am interested in Ric's take. While we wait for that, I'd like to thank you for once again signalling the bottom (I hope). For those who are new to the thread - when Gabor gets nervous - that's a buy signal at the bottom of a dip and the historical precedent is that it's sharply up from there. I can see we're up a quarter point already, perhaps if you'd said something a little more negative we'd be up more. Thanks anyway!



To: gabor boda who wrote (5350)4/21/1998 3:31:00 PM
From: Steven Bowen  Read Replies (2) | Respond to of 12468
 
Gabor, I'm kinda curious also, seeing as the last series of posts he made here he was recommending the buying of call options. That was back when the stock was around 43. I wonder if he had heard something that we had not that fell thru and led to this weakness, or if it was just an attempt at market timing (that went a little awry).

It would be nice to see a little buying this last half hour. Have an up day for a change (at least a white candlestick). Haven't had any of them in a couple weeks.



To: gabor boda who wrote (5350)4/21/1998 7:02:00 PM
From: Richard Dunaven  Read Replies (3) | Respond to of 12468
 
The stock is starting to form a bottom based on price and volume movement. The stock is caught up in the sector sell off which rarely differentiates between stocks. A good sign today was the movement back up from 36.25 to 37.5 on little volume. This is telling you that a bottom is forming. Based on the chart there is good support in the 36.5 to 37.5 range. It needs a few more days to tell this but it appears to be starting to form the bottom.

Fundamentals have never been better. WCII has the ability to grow much faster than any other CLEC right now. The street will be looking for this in the release on 5/12. If they prove out then the stock should make it's next move then if not before. All indications are that this is no problem.

This Co has never sat still for as long as I've known them and I don't expect that to change.

If the bottoming trend appears as it looks like is going to, consider this the buying opportunity you've been waiting for.

A stock rarely moves up 100% in 3 mos without a pull back of 20% or so before moving forward. This is healthy and will help clear the path for much higher #'s.

Ric D.