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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?


To: advinfo who wrote (2545)6/22/1999 8:55:00 PM
From: stockycd  Read Replies (2) | Respond to of 3541
 
Northstar,

I have been sitting on the sidelines reading each and every post. There have been plenty of laughs on this thread lately. I have no position in IFCI either long or short. I vowed on the last drop not to re-enter until we broke out above 10 (if ever). That being said, I still track daily volume and trading information on IFCI. The technical position of IFCI literally turned on a dime today. There was large money exiting and from my read, most of the buying off the lows was smaller trades. I don't think, however, that the technical risk should be an IFCI investor's biggest fear. The fundamental risk, to me, is greater (per the reasons mentioned by snake).

CR may not be a big firm, but I believe they have been one of the major followers of IFCI.

BWDIK????
Chris