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

To: FastC6 who wrote (2601)	6/28/1999 5:45:00 PM
From: HardMoney	Read Replies (1) \| Respond to of 3541

Hey Snake, stocks declining on low volume. Do you have Level II....if you do you will see that CIBC Oppenheimer has been on the bid or just below it supporting the stock every time it made a new intraday low. I wonder why? Especially since they just recently began to make a market in the stock. Personally, I don't believe you'll see this issue much below $8 for very long. I don't understand your reasoning. This is an $8 stock it's downside at most is only $8.00. Why not short something like Yahoo or even MFNX?......... my personal favorite short. These issues give you a much better potential profit on your short than IFCI. Plus if Oppy does come out with a strong buy and they announce some more contracts your potential loss outweighs you potential profit at as it regards your current short position in IFCI. It's all about risk/reward.......I figure the longs downside risk is 2 points, down to $6.00........But the longs upsided potential is,IMVHO, much greater than 2 lousy bucks Good luck, Frank