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

To: gabor boda who wrote (7984)	8/28/1998 11:46:00 AM
From: Steven Bowen	Read Replies (2) \| Respond to of 12468

Damn, my quote pages look the worst I've ever seen them. And you have to figure that on a Friday afternoon, it's only going to get worse. Probably the best thing that could happen is end up 500 down today and then have another black Monday crash and get this out of our system. If we don't have a crash, I could see a bear market to Christmas. That would be more painful than a quick crash. "Any game plans?" Yeah, I'm going back outside. Can't watch this or listen to CNBC.

To: gabor boda who wrote (7984)	8/28/1998 1:20:00 PM
From: Alejandro	Read Replies (1) \| Respond to of 12468

Game plan ? Well, Dow is down 13 % from it's high. we are not having a crash caused by any major catastrophe, so I think she'll level out and a big buying splurge happens again. We have known about the large short position on WCII. The short positions were probably taken because the shorters felt that the price rise was caused by takeover speculation. Therefore, because WCII was mentioned as a takeover possibility, people bought it for that reason only. Shorters figured there would not be a takeover at this time. They took a risk. As the decline started in WCII, some of the buyers bailed out quick. Shorters got in more. Now, the buyers looking for takeover, start getting out. Price comes down some more. As the price came down it passed the buy point of most everyone who bought in the 30s and 40s. As it came down, more buyers sold to stop losses. Russia and all that hit about the same time. Now it is really falling until it hits where it is now. I think those who bought on rumor are out. Shorters will start to cover cause there is little more downside risk. So, we will start up. I'm glad I settled this issue.:-) By the way, I changed my color scheme. Now all my losses look nice and blue and I don't think of blood !! ac