Charles,
I concur. I wouldn't alter my position on the basis of rumor.
At heart, I believe in the efficient market theory. If anyone
actually DOES know anything, it's already reflected in the
current share price. I can't predict what FIBR's share price
will do tomorrow, or next week, month, or quarter. I'm simply
assuming the risk (read "gambling") that I'll be able to unload
the shares I've purchased at a reasonable profit. Period. I
can only comment on share-price movement *after* the fact.
In the final analysis, we're all Monday-morning quarterbacks,
though it's a hell of a lot of fun to delude ourselves into believing otherwise!
I can also make inferences. For instance, it would not be
entirely unreasonable to infer that some of those who persist
in trashing the company (and its most recent financial moves)
are likely to be shorts who have not closed out their positions.
If they had (covered), one would think their interest would lie in
hyping share-price back to the $5 level...particularly if they view
the CSFB deal as a floorless convertible.
Finally...what's the best-case scenario for the holders-to-be of the new convertibles? How about doghouse earnings reported
come May 28 followed by one (that's all it would take!)or more significant Gigamux order during the ensuing quarter? |
