Ed: >What does the drop, short term, mean?< Well, for starters it means alll those who bought in the high $5's are now underwater and feeling pain(although how much of the original rise was caused by short covering, etc., we may never know--not to mention the day-trader philosophy of taking profits, ie. all those sitting on profits from the recent rise). Longer term, in my view FIBR's chances are tied directly to Gigamux contract announcements. Barring that, if the news reportage continues, ie. others jumping, however cursorily, into FIBR's market niche, then I'd look for a continual erosion in shareholder value. And one other negative thing to consider. Despite a C. Crawfords manner of articulation, his/her's data seems to be accurate with regard to all the machinations FIBR is currently using to support value. When a company does financial gymnastics, with little supporting news, it tends to depress said company's value.
As for what to do, I'd stay on the sidelines awaiting the outcome of this current decline. No need to put yerself in harms way when you can wait until the dust clears. There'll be lot'sa time to jump in, me thinks, once the current situation stabilizes.
Regards!
John~ |
