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Technology Stocks : Corvis Corporation (CORV) -- Ignore unavailable to you. Want to Upgrade?


To: RinConRon who wrote (360)3/6/2001 10:10:48 PM
From: Jane4IceCream  Respond to of 2772
 
I am pretty sure Tom reduced his long exposure 30% on his long portfolio, not just CORV. He had posted much earlier he had gone long with over 20 positions as of yesterday I believe.

In February at the Robbie Stephens conference it was noted in a PR that customers want to see more customers before investing in CORV. That, plus the hedge funds and lockup expiry probably account for much of the recent decline in the shares. JDSU's warning didnt help this afternoon but Newport <NEWP> did raise their guidance this afternoon.

Jane



To: RinConRon who wrote (360)3/6/2001 11:50:28 PM
From: Tom Hua  Read Replies (2) | Respond to of 2772
 
Ron, I reduced my long portfolio by 30% today. But, I did not sell CORV, I added to it. CORV is a core holding, not for short term trading. If CORV gets down to the 7s, I'll buy more, to 6s, I'll buy even more. I'm sold on this company, no turning back now.

Regards,

Tom