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Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet
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To: Johnnie W. who wrote (113)9/10/1998 4:42:00 PM
From: Al Paxton  Read Replies (3) of 720
 
Anyone around?
RCNC would really benefit from a bit more confidence in the broader market. At $13 this stock looks great although expansion looks like it will be costly for the next few years.

The market seems to be trading a lot of future earnings expectations. This seems ideal for a stock like RCNC that has great future earnings potential once the infrastructure is in place. They seem to be leading the industry and taking business from other companies. As long as the money is there to fund the expansion this will be the biggest money maker around. Hopefully when the fund managers have stopped selling the market they will get back to stock picking and recognize this little jewel.

Does anyone have a comment on the two option trades that were made today. There seemed to be a trade of 10 Sept 22.5 Calls at 1/4 and 20 Sept 20 Puts at 6 1/2. Is this just MM stuff I don't understand?
I am happy there was some buying at the close. This could have been position squaring but at these levels I am surprised there isn't more genuine interest in upward movement. The 4 strong buy ratings suggest that this is really undervalued.

I would really like to see news from the company. It has been a while since the Quarterly report.

AL
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