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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?


To: lisa who wrote (3021)11/16/1997 10:22:00 AM
From: David Pawlak  Respond to of 10479
 
About those overnight investor relations packages.....

I too was a little concerned when I heard that they were spending $$ on expensive overnight shipping to retail investors. So, I called Annette at the company and inquired. She told me that they didn't spend a dime, which made it cheaper than the US Postal Service.

How is that possible?
The company they sent them through had a promotional deal going where Osicom aquired x-thousand (I think the number was around 5,000) free overnight letters packages. I forget the name of the outfit, but you should call Annette if you want more details.



To: lisa who wrote (3021)11/16/1997 10:48:00 AM
From: David Pawlak  Read Replies (4) | Respond to of 10479
 
>>Sankar shook us all up last weekend,<<

Please excude me from that statement. Anyone who has done any serious, intensive due dillegence on this company knows that Sankar's statements have been filled with inaccuracies. I was in there buying for myself and others several times last week and will continue to do so.

As I mentioned on the day when we hit the low of 2 1/16, this may be the climax bottom that we needed.

techstocks.com

Looking back a couple days now, I am more confident that it was indeed the climax bottom we needed to turn the trend around.

Here's why: Everyone that had margin calls to deal with were either blown out of a part/all of their position or was forced to cover. Some who wanted to cover but couldn't in time were blown out too. Case in point, a good friend of mine who was out of town and couldn't get a wire to the brokerage house was forced to sell. The next day he wired a chunk of cash and bought almost 3 times what he was forced to sell. The link I listed above talks about a similar situation and Lisa's posts here tells the story again... and we know Lisa is very bullish on this stock.

What I see now is a stock that has a solid footing because it is mainly held in cash accounts or is no where near getting sold out in a margin account because of equity %'s are at a healthy position in the margin accounts after the the 39% runup from the low close of 2 1/16. In addition, the company is now supporting the stock and will buy on dips. It appears to me, that the stock should now have a strong footing and the days of the breath taking drops should now be behind us... at least for a little while anyway. Just my thoughts and opinions.