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Technology Stocks : NHC COMMUNICATIONS (TSE:NHC) acquiring THE FIBER COMPANY -- Ignore unavailable to you. Want to Upgrade?


To: Lalit Jain who wrote (480)9/13/2000 11:10:59 AM
From: cleto  Respond to of 856
 
I never believed that the financials were the cause for the rise to the 18.00 ( twice ) level. The good results are welcome to sustain the price , but that's all . So what if they shipped so much to New South, maybe they will ship less in the next quarter and this may be the cause for the weakness this morning , note that backlog lowered to 4.7 million . Hey don't get me wrong...I will bet you the New south order( infact from S.A. words) will be shipped in maximum 18 months and I am pretty confident that they will substantially increase that order( but NSouth does not want to tell the whole world its expansion plans,note their request not to divulge name).As such, I don't pay attention to backlogs that much..I would be surprised if we don't get a candy for the Boston convention. Best regards, Cleto.



To: Lalit Jain who wrote (480)9/13/2000 11:30:33 AM
From: cleto  Read Replies (1) | Respond to of 856
 
Remember when the stock was continously finding supply 2 months ago when everybody thought the stock would double becuase of the big buyer?? We know that the buyer was FirstHand funds..What we did not know who was cont. suppling stock.. I have been informed( outside of NHC but a fact) that the Caisse de Depot was a huge seller of its position at that time. Note that the Caisse was long this stock at around $1.00.This was probably the last of the BIG weak hands,although it may have still a few shares left sell at some point( 100-200,000)..On as seperate note, did you notice the outstanding shares showing as 13 odd million? Can't be ,We isued 2 million with Yorkton plus Breakwater...Cleto