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

To: wrm1 who wrote (8439)	10/2/1998 11:11:00 AM
From: j.d.robbins	Read Replies (1) \| Respond to of 12468

wem1, I will be covering short today and using some of the money to buy more wcii.I agree this is a good buy.... off topic anyone know if softback has adr or what is best way to play it in usa. thanks in advance. j.d.

To: wrm1 who wrote (8439)	10/2/1998 7:07:00 PM
From: Don S.Boller	Read Replies (2) \| Respond to of 12468

wrml: HAVE NO OPINION ON WCII...................BUT DISAGREE with you on market. I started investing in early 50's (seniority) and became a NYSE broker in 1961...........Bear Market: If the bull started at Dow 577 in Dec. 1974 and topped at 9337 it has a long ways down to go....(oh...take a gander at the advance/decline line this year - to put in a top). A 50% retracement would take it to 4957........Then of course there is the (now "passe) yield guage - if the Dow would decline to a 3% yield (which used to be a "dangerous top" area)...it would sell at 5067. BUT, what if it declioned to provide 6% (by the way, most of the bears in this century have hit 6% or more (and assuming no dividend cuts), we are then looking at DJIA of 2533.................off a mere 72.8% !!!!! Can't happen? This time is different? Ohhhh Kay. Best, Don

To: wrm1 who wrote (8439)	10/5/1998 10:42:00 AM
From: dougjn	Read Replies (1) \| Respond to of 12468

Hey wrm1, read history prior to WWII. Many of those recessions were deflation initiated. Including more than one real doozy. Recessions are caused by sharp contractions in available credit. Since WWII we have had exclusively inflation --> Fed tightening & draining of liquidity --> recession. Recessions can also occur when excess capacity --> reduced price levels in key areas--> defaults and other destruction of capital--> reduced economic activity. Japan since 1990 (because extreme bubble and overcapacity and inslovent loans); the US for fall 1929 through 1939; the US in a number of prior recessions. Doug