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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who wrote (8843)11/16/2000 8:34:30 AM
From: ChrisJP  Read Replies (1) of 11130
 
Hi Wayne -- COVD is probably like the Fiber Optic companies were 2 1/2 years ago. DSL will have its day, its just costing a bundle to set up the infrastructure.

Did you know that in June 1998 FIBR was a money losing company and did at 3 for 1 reverse split to stay listed and in Oct 1998 traded at $2 ? 18 months later it was at $150. -- Yes --- a 75 bagger !!!!!

quote.yahoo.com

So when things see mthe bleakest may be the time to buy .... if you believe. I personally don't believe just yet, but I might 4 - 6 months from now.

Chris
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