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Technology Stocks : Eiger Technology (OTC-BB ETIFF)

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To: Joe Krupa who wrote (22)8/21/2000 10:15:46 AM
From: Joe Krupa  Read Replies (1) of 67
 
As a follow up to my post last week about Refco Futures buying, it appears they are no longer active on Eiger. While they are no longer buying, it appears they have finished selling as well (no shares sold in a week).

I think what we are seeing here is a culmination of a lot of pessimism, which I think will reverse as soon as the memory of the last earnings release fades. Eiger needs to surprise the market with a significant contract or news of a Nixxo public offering.

I also think we have to remember that Eiger is not a dot.com. It is a tech company with solid products. I continue to have confidence that their positioning in the Asian/Korean market will pay off shortly. In my opinion, this potential is not being recognized by the market right now and again, will require a significant contract from that part of the world to get inverstor attention.

Nevertheless, unnerving times right now. Let's hope a bottom is near. I think a few extra at the bottom would be a worthwhile investment.

All IMHO,

Joe
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