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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?


To: Ahmad Sinno who wrote (3647)12/29/1998 10:03:00 PM
From: Brian Malloy  Respond to of 11568
 
I'm sure that you have seen the other posts.

Going through $71 was a new high. It was done on good volume. Unlike with some of the Inet stocks which appear to be under selling pressure today, WCOM advanced. For individuals Tax year '99 starts on 1 Jan. For some of the big funds due to a few loop holes in the regulations it started today.

CBOE activity indicates increased call action. The money seems to be saying that WCOM is going higher (however, I expect the first two weeks in Jan to be interesting). WCOM will emerge in fine shape as should the Drugs and some of the banks judging by the action in the market today. However, some of the Inet stocks will really get hammered.

Regards