Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jake0302 who wrote (3026)	7/25/1998 3:45:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 11568

Janar, the fundamentals in this market are not "great". They are rotten, but the TECHNICAL picture is what is holding us up. Specifically, the great success of the market is pulling more money in and that money is going into big cap names like WCOM. I just bought WCOM because it looks like a good refuge - top name in a key field, just beat estimates and a good merger about to close. Just don't fool yourself that the overall "market" is fine. It's not. That's why I'm pulling back into quality big cap names where I am prepared to ride out a 10 - 20% pullback. WCOM and the others are long term holds (my others include WMB, FFC, WPO and BRKB).