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Microcap & Penny Stocks : INTERNATIONAL FIBERCOM, INC. (nasdaq - IFCI)

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To: Thomas Frank who wrote (2362)10/14/1997 7:12:00 PM
From: Rob S.   of 2486
 
Thanks. You have a right to ask where information comes from but I appreciate your response from my reply - It's good to keep the thread honest and to post who we have heard things from.

I think that the market is a bit shaken up over some lingering concerns over Chairman Greenspan's comments that then carried into nervousness about high-tech earnings. The volume in the NASDAQ and NY exchanges was low yesterday because of the holiday and today because of a "wait and see" attitude, IMO.

Intel came in with 88c v. the 91c forecasted and that could have a chlling effect on the tech stocks for a couple of days. October-September is often a down period for tech stocks and the market in general. I think we may get a bit of a pull-back that will present more buying opportunities. It may not be much.
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