The other day I bought 2K of WCOM stock at $4.00 I didn’t think it would go any lower, but today it closed at $3.41. I know eventually it will recover so I’m not too worried about it, however I feel for you guys with lots of options (if you have options) and a high strike price, I would imagine the majority of you guys have lost a lot.

I went to work for a startup CLEC that was bought by WorldCom right before the MCI merger and I received a considerable amount of options with a strike price of $32 that WorldCom honored after the buy. After the MCI/WorldCom merger the stock went to $65 and I bailed out and did pretty well but many friends of mine held on and now have many thousands of options that are worth nothing.

From experience I know the quality of the WorldCom technical work force so I know things will eventually turn around however, with the slump that the telecommunications industry is presently in and all the bankruptcies taking place it may be awhile, a long while and I don‘t think the stock will ever make it back to the high 60‘s.

Lets hope that WorldCom stay’s a financially viable company. Ebbers made some questionable moves in the mid 90’s by buying lots of companies mainly the ones building a big fiber plant (which is the most expensive aspect of building a network) that cost big, big money with stock and the data world hasn‘t paid off for the telecommunications companies as dramatically as they expected it would.

What say you?

And on a side note: I do understand that the humor I posted on the flame board is not acceptable here therefore I will never post anything like that again.

Todd