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Strategies & Market Trends : Sharck Soup

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To: Jim Spitz who wrote (26164)6/6/2001 10:41:30 AM
From: Dave Gore  Read Replies (1) of 37746
 
Just a feeling, but I think MFNX could be a real winner. It is doing well today, even as the futures pulled back hard. Money flow is great. It is kind of the perfect lower risk play as it is way down from annual highs and yet they inked a 20 year agreement with Deutsche Telecom that should give longer term investors some feeling of improved stability.

If I am reading investor psychology well, this could be a stock that many may get into for the longer term now. This news may help give them the confidence. We will see, but I hope this is more than a momentum stock. I think it is.

Of course there will be a pullback at some point and I will be watching if that first dip is shallow and bought up. This feels like a pretty safe bet to me. Let's see.

Everyone should do their own DD. There is lots of news to go through and I won't get to it all until later today or this weekend. I am curious what others who know this company better than I think of this. Remember I am much more interested in recent news and execution by management.
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