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Technology Stocks : NOPT: Northeast Optic Network, Inc -- Ignore unavailable to you. Want to Upgrade?


To: marginmike who wrote (33)7/12/1999 6:12:00 PM
From: johnny grosso  Read Replies (3) | Respond to of 708
 
Gilder may be right about potential, but look at the numbers now. This company is garbage, and until it is no longer garbage it will trade below $30/sh.

This is a short plain and simple!!!

Good Luck to all.



To: marginmike who wrote (33)7/12/1999 7:05:00 PM
From: lazarre  Read Replies (1) | Respond to of 708
 
marginmike,

you forgot to mention Global Crossing, most of whose run has been retained...could've been more, of course, without the merger activity.

L



To: marginmike who wrote (33)7/12/1999 8:28:00 PM
From: RobbRacer  Read Replies (1) | Respond to of 708
 
At this current time I am not commenting with regard to the fundamentals of the company. What I am higly confidant of is the fact that if this company was a bargin yesterday it is no longer today at a market cap of 500MM. If you look at the chart and were monitoring the daytrader rooms you would be aware that as soon as this news hit the stock ran because of daytraders led by so called "gurus" who were pushing the stock.I knew the stock was running hard by them I just didn't know why. Most of them did not know why either but didn't care. Most investors are not on thier computers the minute news hits and instantly buy the stock. My point is that there is a lot of fresh daytrader money in this stock which is not on permanant vacation. Most of it will be gone by next week. If you or anybody else likes the company no problem. Just wait a week and you will be able to buy2shares and get 1 free.
Mark my words I do this all the time,
Rob
P.S.
Statistically over 80% of all stocks that move more than 50% in 1 day give it back within 1 month.