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

To: TheSlowLane who wrote (8379)	9/29/1998 1:40:00 PM
From: Steven Bowen	Read Replies (1) \| Respond to of 12468

"Same question for Mr. Bowen - still in cash on the sidelines or back in yet?" Paul, you'll never believe this answer, but I've only got one word for you; GOLD Yep, hadn't bought any gold in 20 years, but that's what I've been playing lately. Probably can tell I'm still pretty uncertain of this market. Still feel like there may be several more shoes to drop before anything ever gets better. Meanwhile gold stocks have been running nicely. GGO's been my favorite. Just taking the easy money in WinStar. Haven't re-established a long term position yet and not holding over night. Totally flat on everything today until we see which way the powers that be want the stock market and price of gold to go. But will play conservative for the next couple months at least.

To: TheSlowLane who wrote (8379)	10/1/1998 4:27:00 AM
From: limtex	Read Replies (1) \| Respond to of 12468

Paul - Still in and added litle more last week. I set out my views on the market several times on this thread although I am no expert in fact looking at the reduction in ny net worth quite the opposite! However for what it is worth I don't think it was a speculative bubble on Wall St any more than it was in Europe! I mean Dresdner Bank and Deutsche Bank and SAP and UBS are not exactly described as speculative stocks. No I think that there are times when people go out and buy stocks and times when they go out and sell stocks. In investment people tend to act act in a herd and now we're all selling. The Global economy hasn't deteriorated since eight weeks ago to any extent to justify the biggest slump in history. the only thing that has changed is the avalanche of selling which has generated losses all over the place and thus caused more selling. WCII however is one of those socks that is going to grow so rapidly that it is bound to either have its stock price rise or get bought out. Plain and simple that is my view so I'm sticking to it. I guess for many people thier lives and plans have been changed over the last eight weeks and so one just has to come to terms with it. It might be over by next year but my view is that it can't be over until Japan shows real positive growth and there is no sign of that for years ahead. Heaven and the Japanese only know what the Japanese have in mind. I assume they have something in mind? Still if the Japanese are going to take their economy back to ground Zero which IS what they are on course to do then either some other country will have to step up to the plate and re-create the second biggest economy on earth in a year or we are in for the biggest slump in history. The Europeans again opened up seriously down this morning. Still Bill R and the WCII team can help soften the blow so go WCII Regards, L