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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX)

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To: TheSlowLane who wrote (12)3/5/1998 5:11:00 PM
From: Frank Wechsler  Read Replies (1) of 1983
 
Finalllyy, somebody is out there!.

The stock seemed to be on a role, until Monday, when it hit a high of 37 3/8. Unfortunately, I decided to buy in that day, only 100 shares, at 37, and have gotten clobbered the last few days. What I don't understand is that it has signed two new contracts yesterday and today and has still plummetted.

The 92 mill contract you mention, Paul, was with Nextlink, another stock that has moved up alot (and that I am also long in). I also own QWST, WCOM, and just bought KIWT, I obviously think that hi tech fiber systems are the way to go, for the future.

Does anybody out there have any ideas about the recent swoon in the stock?
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