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Technology Stocks : Riverstone Networks (RSTN) -- Ignore unavailable to you. Want to Upgrade?


To: Winston Lee who wrote (43)5/22/2001 1:30:27 AM
From: Robert New  Read Replies (1) | Respond to of 290
 
Have been long and strong this stock since it broke its IPO price. The market in all its misery over the past year gave us an opportunity to buy a large amount of shares in a good IPO at sub IPO prices. The patient are now being rewarded. Technically with no overhead resistance and the stock printing all time highs there's no telling how far we run from here.

I've also been hearing that CS shareholders will have to hold their shares for 6 months before selling...any validity to this rumor? If so it would be bullish in my opinion. Love the low float in this issue.

I agree with a prior poster that this stock is being accumulated by institutions currently. When the upgrades come out it may be time to lighten up the load. For now all systems go...



To: Winston Lee who wrote (43)6/5/2001 11:59:29 AM
From: Winston Lee  Read Replies (2) | Respond to of 290
 
Earnings coming out on June 20 ... last quarter they did 30%+ in sequential revenues ... they should do something comparable this quarter. Now, with 10 GigEth router and macro picture improving, their growth may accelerate in the future.

I've stopped swing trading this stock ... every time it dips, I just buy more. 10,000 shares now and considering adding in the future.