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

To: Brian Coakley who wrote (9439)	12/1/1998 11:26:00 AM
From: Steven Bowen	Read Replies (1) \| Respond to of 12468

Hi Brian, Thanks for bringing MCLD up. I've been looking for more shorts, and that may be a good one. A negetive trend flag today will probably correspond with a break below 30. 30 used to be solid support for MCLD; I played it pretty regularly off of 30 for a quick move to 40. This time though I'd bet it breaks down. MCLD ran up fast off it's bottom, maybe it will bread down just as fast. I'd buy puts though, like WinStar, I wouldn't short any of these guys. I may wait a bit though and see if the market breaks down or finds support here. What do you think of this market??? Craziest thing I've ever seen. I used to think the Yahoo's and AOL's were crazy when they'd swing 20% a day. Now you've got this new breed swinging 100% + every day trading multiples of their total float. To me, it's signaling that this HAS to be a huge market top (double top). I'm about willing to bet the farm that the market goes down (big). But I know you're not supposed to fight the Fed. WinStar's doing almost exactly what I'd expect. We'll see now if 25-26 holds or we go fill the gap.