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


To: FJB who wrote (934)6/13/2001 6:05:32 PM
From: Robert T. Quasius  Read Replies (1) | Respond to of 2772
 
Right now we're in danger of slipping below $5, in which case CORV no longer is marginable, and many mutual finds, institutions, etc. cannot hold stocks that trade for less than $5. That's why I get nervous when I see a stock in a slide towards $5.

I too will load up in the $2-3 range, where cash on the balance sheet provides a floor to the stock price. I also think Corvis has excellent technology, but unfortunately bad timing for investors, particularly those who bought at the 52 week highs.



To: FJB who wrote (934)6/13/2001 11:58:21 PM
From: gbh  Read Replies (1) | Respond to of 2772
 
Tough to get an accurate read of "cash on the balance sheet" when they are burning through it so fast. And no new customers on the horizon.