Osicom(FIBR) Message Board

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Technology Stocks : Osicom(FIBR)

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To: mivad who wrote (601)	3/12/1997 8:06:00 AM
From: Brett Grabowski	of 10479

Mike, At this point you would be crazy to sell. From a TA point of view the trend line starting at its December lows is still positive and has not been violated. The 200 and 50 day moving averages are slowly converging on a positive slope. The earnings will be released either around the 20th or the 31st. Par is out the week of the 24th so I do not believe earnings will be released this week. If you compare other networking charts this one looks like a dream. With the sector taking it on the chin, FIBR has remained fairly strong but I do agree we need to close above 11 1/4. I we base here for the next 10 days I think we will have a pretty good base to move off of after earnings. Remember you are holding a stock that conservatively will earn just over a dollar pre share this year. That translates into a forward pe of 10. If you can find a better deal in this sector let me know I will move some of my position to. Brett

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