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

To: Hal Barnett who wrote (8524)10/7/1998 12:32:00 PM
From: limtex  Read Replies (1) | Respond to of 12468
 
HB -

WCII is the home run king here one of the great IRA killers of this autumn....it's down over 33% in 2 days. Just today it loks like being down over 25%.

Regards,

L



To: Hal Barnett who wrote (8524)10/7/1998 3:00:00 PM
From: dougjn  Read Replies (2) | Respond to of 12468
 
The basic reason for the sector's collapse, of course, is that in general it needs a huge amount of high yield financing to continue to build out and challenge the incumbent Rboc's.

And the junk bond market is now closed. Slamed shut.

Doug


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