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


To: Robert Scott who wrote (8523)10/7/1998 12:11:00 PM
From: Steven Bowen  Read Replies (1) | Respond to of 12468
 
"I'd love to understand the logic behind selling today - other than purely technical reasons."

My guess;
The third Q line numbers "should" have been prereleased either yesterday or today if my guessing is right. Now maybe tomorrow?? If not tommorrow, we probably go down more, since they won't release it on a Friday. People were probably playing the release and were disappointed when it didn't happen.



To: Robert Scott who wrote (8523)10/7/1998 12:16:00 PM
From: limtex  Read Replies (1) | Respond to of 12468
 
RS -

I think that the shorts are having another bite at the cherry. They wander off from time to time but eventually always in this market return to feed on the rotting corpse of WCII. There is always ome more meat left to chew.

One day WCII will see them off and life will return to its stock but for now it is amongst the living dead of Nasdaq. Now we're under $15 and next stop $9.99 on the next downward lurch wchich I suppose we'll get before the weekend.

THe only thing to do is to write it off and wait a few years and maybe it'll come back. No I didn't heed my own advice and I'm still in!!!

Regards,

L