Where Will the WorldCom Damage End?

The great majority of the flood of reader-mail that poured in late Tuesday was, unsurprisingly, about the WorldCom (WCOM Quote) debacle. Readers asked for tips on opportunities this may create, on speculative possibilities now in WorldCom, on dozens of topics. Like many of my colleagues, I've been up all night, working the phones, tapping the experience and advice of many of my contacts.

Some early answers:

Is there a speculative play in WorldCom now? I don't see how. What, exactly, would you be betting on? We still don't know -- and probably won't for some time to come -- the full extent of the fraud at WorldCom. Without getting a handle on how deep this goes, I wouldn't put a dime into a company I'm convinced is headed for the auction block. ...