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Western Wireless Corp. (WWCA) Message Board

  • RSPC1 RSPC1 Feb 26, 2002 1:29 PM Flag

    Resistance

     

    A positive earnings report will move us to the $10 resistance but I think it unlikely to break through considering the weakness in the telecom sector. I agree with prior posts that the short side of WWCA is very risky compared to reward. There are institutions with very large short positions from the 30's who are waiting to see earnings and if there is any positive side to the report, they will cover. This could cause a 'gap up' tomorrow. I also expect short covering to begin the last two hours today and we may close above 8. Comments welcome.

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