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

To: silicon warrior who wrote (7580)	8/6/1998 5:32:00 PM
From: limtex	Respond to of 12468

SW - I'm the same alwaays believe in the idea and especially if its good like this one is. But look a today NAZ up 40 and a good announcement from the company and we go NOWHERE. wait till tomorrow. What do you think happens if NAZ down as may well happen. You know we'll be down probaby not more than $1 3/4 at the end of the day but down we will go. And if the NAZ goes back up on Monday by another 25 or 30 points you know that we'll start off up and it will end doen by the end of the day. This is a classsic when you've got one of the biggest short positions in the market staring you in the face. And the shorts well... they'll just keep on selling and making money. There is nothing to stop them all the way to single figures in this arket becuase most funds won't buy now.... why should they. Would you if yo were a fund manager? No of course you wouldn't you would wait at least until well after labor day. So in the meantime doen we go. I hope I'm wrong but please tell me why I'm not. Give me anything to hope for short term. regards, L

To: silicon warrior who wrote (7580)	8/6/1998 6:18:00 PM
From: SteveG	Read Replies (1) \| Respond to of 12468

<..it will be dangerous, since i favor M-16 A2 rifles..> I presume you are kidding, but some may take your "joking" more seriously than you intend it, which could only seriously increase your blood pressure. Could WCII revisit teens? Of course it could. Surprised ME when we didn't hold $35. Who knows how stained dresses/Saddam/Asia/talking heads will effect the market short term. I suggest you start selling a little into occasional strength (like today's move to 32) so that you have some cash to cover margin calls IF they occur. The market may shake out those of us who overcommitted to the recent bull move, but IMO, the safe time frame to consider conservatively doubling to tripling your money in WCII is 18-24 months. So if you sell out 1/4 to 1/3 of your position now to be able to cover potential margin calls (and I would be surprised if your average price were in the 40s), then your loss should be HANDILY made up. But IMO, make a decision, get a grip and be glad you aren't Bill Clinton. If you went short, you MAY get a move down near term, but I don't get how continually crying here about how much you've lost does any good. You aren't shaking out anyone who knows this story, and trying to scare a few small fish out (if that is at all what you are currently about) isn't worth the time or annoyance to the thread. A lot of us newer to the story (buying stock and options from 20s-40s) are down, and I can promise you neither the size nor percentage of your losses are unique.