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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (543)	9/14/1999 12:33:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 1983

My short comments had nothing to do with company fundamentals. I haven't a clue about them. The company may be fairly priced currently, but that has little to do with the share price except that it is anecdotal to the action of entering booked orders to buy below with the intent of picking up shares "cheap". The market moves in the direction of the plurality of booked orders. Like the excesses on the upside the downside finds such extremes but asymmetrically. The downside is faster and goes to greater absurd extremes usually just when the fundamentals are starting to kick in. That doesn't reverse the trend though. Value has to add until the stock is eight months pregnant before meaningful upside develops. That's a long time away. The short ideas offered here by others are not as good as this one because this company is a better fundamental play. Short covering can easily drive up the others since the upside booked supply is nearby thick but farther away thin and the intensity of short covering demand will be high and persistent. This causes the stock to form an extended ledge. The booked structure in MFNX is completely different and since in a bear market, the book controls the action and the bias is sentimentally bullish, the shares will dive.