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Technology Stocks : ONI Systems Corp. (ONIS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (61)1/18/2001 7:47:10 PM
From: Alan Gallaspy  Read Replies (1) | Respond to of 227
 
It is encouraging to see that Gilder views the lockup expiration as a buying opportunity. But that still begs the question of when to get in. With 79 million shares about to be available, I figure at least 4 to 6 weeks of trading to absorb it all. I have no idea if those shareholders are going to get what they can while the getting is good, or if they are inclined to hold on a bit longer.

My fearless prediction: volume will go up to about 5-6 million shares/day for about a month and ONIS will underperform any advance in the fiber sector for at least that long. I have made a solemn vow to myself that I will wait at least 2 weeks after the lockup before diving in.



To: Glenn Petersen who wrote (61)1/18/2001 8:57:06 PM
From: ratan lal  Read Replies (1) | Respond to of 227
 
Wonder if GG is getting ready to unload shares of his customers BEFORE the Jan 22 date of the release of approx 80 mil shares??

I presume that many of these unlocked shares will find their way into the market. And unless there are buyers for all those shares, the stock price should tank.


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