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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?


To: A.L. Reagan who wrote (1496)7/25/2001 4:28:23 PM
From: KLH  Read Replies (2) | Respond to of 1983
 
A real fact....
The trading floor is now 79 cents down
from here....can't go any lower than that.
I find it very hard to believe that any
company reduced to a "penny stock" can recover.
Well, come to think of it, the old GZTR dropped
all the way to the low ones over time and then
took off again in the hyper market over a year ago,
all the way to about 20. The difference here is
that MFNX has always had a huge short interest and
now, just relentless selling pressure, even under one.
I mean, like at this point, what's the point.
You can't even make any money trading MFNX....
I remember getting a trade in on Centenial Technology
when the shit hit the fan because of executive fraud.
They stopped trading at about 15, it opened again
and I bought it at 2......went back up to about 13,
then crashed for good. This POS hasn't given us any such
opportunity.



To: A.L. Reagan who wrote (1496)7/26/2001 2:19:12 AM
From: Raymond Duray  Read Replies (2) | Respond to of 1983
 
Hi A.L.,

I've heard a rumor that Kluge may well do a LBO on this one, like he did years ago on Metromedia. Wipes out the current crop of equity holders. Leaves Kluge with a valuable network at a fire sale price. Plausible??

-Ray :)