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Technology Stocks : Viatel (VYTL)
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To: StaggerLee who wrote (104)5/19/1999 6:56:00 PM
From: Jack Gibson  Read Replies (1) of 157
 
THREAD: This stock looks like a long-time winner. For the past
few months, I have been hoping for a buy-out. When the stock was at $20.00 I was looking for a $30.00 to 35.00 price. When it got to
$30.00 I wanted $40.00 to 45.00. Now its at $52.00, and my greed knows no end. Now I'm hoping that the company stays the course.
All of their business goals are in sight (a positive EBITDA by Q4,
and even with the addition of two more "rings", they are ahead of
their construction schedules), so I'd just as soon wait until next
spring for a buy-out bid to materialize. The damn stock might be
at $80.00 or 90.00 by then. Then I'll want $120.00 on a buy-out.
As I said my greed knows no end. Certainly hope I'm not a victim
of the old Wall St. saying: Bulls make money; bears make money; but
hogs get slaughtered every time.
Good trading everybody,
Jack Gibson
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