SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : INTERNATIONAL FIBERCOM, INC. (nasdaq - IFCI)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SunFun501 who wrote (2346)10/13/1997 1:15:00 PM
From: xfiles   of 2486
 
SunFun, as I've said several times before, I came over to this thread when I was doing DD on IFCI as a possible buy. I came up with many red flags and I wanted to see what IFCI investors thought about them.

What I learned, if you'll pardon me, is that an awful lot of longs either had incorrect information or doggedly ignored any info, however well-documented, that ran contrary to the fable they wished to believe.

When I found this out, I took an immediate short position above $8 and then covered when IFCI went below $7. When I posted that I had no short position in IFCI, that was true; I'd already covered.

As I write this, I have no position, but I may well short again. Should the stock get down to fair value, I could go long. IFCI's not a scam as a company; but a lot of the promotion around the stock has a distinct odor to it.

The industry is a hot one; but DY, NRRD, and maybe MTZ look more likely to benefit over the long haul.

--x
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext