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

To: limtex who wrote (7997)	8/29/1998 7:25:00 AM
From: TheSlowLane	Respond to of 12468

Limtex - yes I saw that interview with Ralph, probably most of us did. On the other hand, I watched Abby Joseph Cohen on CNBC last night and her perspective is that things have been overdone. She says that the market is being driven by sentiment right now, not fundamentals. She believes that the fundamentals are strong enough to support valuations higher than we are currently seeing. That coupled with a growing sense of panic are leading her and others to believe that we are at or nearing the bottom. I'm still buying an equity fund with my 401K contributions. Another guy from the WSJ was also on TV yesterday saying he could not understand why people were moving money from stock funds to money markets at this time, and likened it to "buying fire insurance right after your house has burned down". Unfortunately, we will not know who is right until we're either well into a recovery or much farther down the slope. If you think you're taking a pummeling on WCII, look at my favorite emerging market BB-WLL play, MMG, they've gone from 18 to 5 in short order. Ugh.

To: limtex who wrote (7997)	8/29/1998 3:08:00 PM
From: Jay Gatsby	Read Replies (2) \| Respond to of 12468

You are sounding quite alarmist, rather like i would expect to hear when reaching the later part of a strong correction. With all due respect to you and the thread, I disagree that the end (of the world) is near. Fundamentals are good and the underlying strength of our economy, domestically, will carry us through. May I suggest reading the book "The Roaring 2000's" by Harry S. Dent for a different perspective on both the USA's economic prospects, as well as Japan's? Perhaps you already have, and disagree with the premises Dent lays out therein? I gather he would be a buyer of WCII and other progressive telecom stocks now. Long WCII, WCOM, AOL, QWST, PCMS, SUNW, QCOM, LOR, GSTRF, AIG and a few others. This weeks downdraft and the steady decline from mid july highs is uncomfortable. My dilemma now is to decide which of these to buy when the correction is apparently over. WCII is currently my first choice. Any opinions out there?