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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?


To: rhoffman who wrote (2908)7/15/1998 5:37:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 11568
 
rhoff, you'll have 100 shares of MCI WorldCom after the merger. Some bullish analysts have targets of $100 for WCOM in 2 years time, so you're not too late.



To: rhoffman who wrote (2908)7/15/1998 5:45:00 PM
From: dougjn  Read Replies (1) | Respond to of 11568
 
Of course you're late. Just not too late. If you'd bought Wcom a year ago, you'd have 100% profit. You may well have that again, a year or 1.5 from now.

Mcic is still a slightly better buy. 3% better is all, but its riskless now as well. Buying Mcic ends you up with Wcom at the ratio of 1.2439 at the merger close. You don't have to do anything. Just buy Mcic and after the merger you will presto have Wcom shares (plus a little cash to take care of the rounding.)

So if you're gonna add, I'd do it through Mcic.

Wait for a bit of a pullback though. The merger news is in the stock. The FCC stuff could still lead to a little delay. Though we're still in a summer rally, some kind of little pullback is inevitable, perhaps next week after options expiration.

Doug