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Technology Stocks : AboveNet Communications, Inc. (ABOV) -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (817)8/5/1999 9:07:00 AM
From: pat pasquale  Read Replies (1) | Respond to of 835
 
?s from a newcomer please? xplain this

>>The secondary pubic offering of 6,850,356 shares of Common Stock during the quarter raer Network Services, Inc. (MFN), one of the leading suppliers of high density fiber optic networks," said Kaplan. "AboveNet's shareholders, under the merger plan, will receive 1.175 shares of Metromedia Fiber Network for each share of AboveNet.">>>

are these companies becoming one? MFNX is the name being kept? when does this happen?

i've been watching MFNX for about a month and have come across ABOV
and looking at the 30 day chart not much difference...

sorry for those that bought at higher numbers, but this is when i like to buy into a stock, so i'm just starting some DD

if anyone has the time and patience for some history
here i thank you beforehand...
good luck to all
pp
(NYC)




To: JakeStraw who wrote (817)8/5/1999 3:27:00 PM
From: Doc Horror  Read Replies (1) | Respond to of 835
 
Well, that was a nice try Jake, but you were a dollar off on today's bottom. I think this rally will be short lived. I suspect that we will have another month or more of selling before the true rally begins. I might be able to buy ABOV in the high teens if I'm lucky ... we'll see.