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

To: j.d.robbins who wrote (8315)	9/21/1998 12:28:00 AM
From: Steven Bowen	Respond to of 12468

Hi John, I wouldn't be so hard on Limtex. There are a lot of experts that are predicting things may get as as bad as Limtex is guessing. This could get as ugly as anything you've seen since 1960. The expanding global economy has been at the roots of the greatest bull market ever, now it may be the death of it. I've heard some talk of a global depression now, not just a recession. And granted, a US recession may not hurt WinStar the company, but it may still kill WinStar the stock. Not trying to put fear into anyone, but one should be sure he looks at all sides of the coin. (and besides, as a trader, you've gotta love this volitility everyday, and not care which direction it moves as long as it moves.) Asian markets appear set to break down again tonight. The Nikkei is down significantly to new 52 week lows. If something can't spark a rally so that it doesn't close at new lows, that market may be in trouble. S&P futures are down over 14 on Globex right now and trading at their lows (although I don't know where fair value is now that they're using the Dec futures). With Clinton's tape getting played in the morning, it may get ugly.