Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (27104)	6/12/2001 8:40:26 AM
From: Schtoink!	Respond to of 37746

They have been hammered over the last few days. Their credit rating was reduced so the stock dropped 50%+. The thing is that it is screaming oversold. I have been watching the houses and there is one or two with the major dumping others are picking up the slack. The deal with teleglobe was not 'lost' per se. Teleglobe picked another supplier for another project - they still are using TSIX and have confirmed they intend to continue with that. There WILL BE NEWS to address the drop and that should bring it back to the $1US range IMO. They are looking for $300MM financing, now complicated by the credit rating drop. This is VERY high risk... but DCB is what I see. Today will call the direction. Schtoink!