Osicom(FIBR) Message Board

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Technology Stocks : Osicom(FIBR)

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To: Mama Bear who wrote (1529)	8/25/1997 2:45:00 PM
From: Tom Fraser	of 10479

>> If FIBR is a big scam, why cover? << Because there is a big long line and I don't want to be at the end of it. The move from 3 to 4 is mainly short covering. FIBR will move lower again, you can count on it. Say you shorted 10,000 FIBR at 8 ($80,000) and covered at say $3 1/2 ($35,000) that's $45,000 profit (excluding interest/commissions). Squeezing out another 10 or 20 G's get's more and more difficult as it approaches zero. The odds of covering at 2 1/2 in the near-term are more difficult in my mind than having to cover at 4 1/2. There is a $10,000 swing either way. *BIG SCAM!!!* Mr. Malone!

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