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.
Technology Stocks : FORE Inc.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Oak Tree who wrote (7017)12/31/1997 9:49:00 AM
From: Igor Nasonov  Read Replies (1) of 12559
 
<<...it could hit 19 and even higher again...>>

Guys -

I'm watching behavior of this stock every single day for the last 18 months. Fore literally became a shortest-term toy in hands of Mutual Funds Portfolio Managers(MFPM). They do not want to hold
it though company has strong fundamentals, outstanding line of ATM products and very promising prospectus in the future. But they want to trade it short term(this explains huge volume most of the days). In MFPM world acceptance of loss is quote a routine(this explains dumping of stock in hope to pick it up later lower. Some MFPM 'performers' consider current price good enough to dump, other see it as attractive to pick up). Please remember it's around 10,000 of MF companies and unlimited 'professional' opinions.

Three things could move this dog much higher:
a). Announcement of second consecutive earnings above
expectations (That's what I really hope for).
b). Announcement of really big contract
(Long time due...).
c). Selling of company in order to merge with powerful firm
with strong marketing (Of cause it will happen, but when???)

Only one or more of these semi-miracles can convince institutions
to hold their positions, then we'll see repeat of Summer / Fall of '96 performance.

Good Trading and Happy New $$1998$$ Year.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News