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


To: DJ Byrne who wrote (9060)11/3/1998 3:52:00 PM
From: silicon warrior  Read Replies (1) | Respond to of 12468
 
not clear what's going on---who's selling and why?? volume not that great----anty thoughts folks???



To: DJ Byrne who wrote (9060)11/3/1998 4:28:00 PM
From: limtex  Read Replies (2) | Respond to of 12468
 
DJB -

You bet there are prople who don't want this stock to go up and they are called shorts and they were probably out today having a go at WCII.

This company is doing just fine but it has attracted the attention of these creeps who keep making a fortune by shorting the stock.

Still we shouldn't really expec this stock to really take off until around this time next year when even the shorts won't be able to resist the buying preasure. But that's a year away and so in the meeantime the stock has basically no foundation at all and could easily drop below $20 again. I hope I'm wrong but maybe some shorts will take heart and go out and sell and then find that the stock had very frim foundation after the earnings announcement and then the shorts will get burned, well hopefully they will and go away to nurse thier wounds.

Regards,

L