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Technology Stocks : Riverstone Networks (RSTN)

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To: Albert Mou who wrote (36)5/2/2001 5:11:10 PM
From: Robert New   of 290
 
Yes I agree with what you mentioned about the Metro market. Also nice to see RSTN breakout on 4.5 times daily normal volume which is confirming. This stock is in rarified air in terms of tech stocks making 52 week highs and will now appear on fund managers radar screens. This is likely to provide more visibility that is needed in the near term. This has been a good one to accumulate on dips and feel as if our better days are ahead of us.

No telling how high this IPO would have soared last year. My guess is north of $50 conservatively. The weak market gave us an opportunity to get into a quality IPO at sub IPO prices.
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