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Technology Stocks : High Growth Techstocks for 1998 -- Ignore unavailable to you. Want to Upgrade?


To: White Shoes who wrote (302)1/8/1998 3:08:00 PM
From: Grantcw  Respond to of 598
 
White Shoes,

I'd say you shouldn't gloat about the stock prices of your picks

I agree. I'm sorry if my emotions carried me away. Since the person in charge of the posts including Osicom hasn't reported on the companies he/she likes, I thought I'd make sure he/she made a second look at FIBR.

The insider selling is basically by one person. I'm pretty sure he is only paid in stock options, not cash. It has amounted to less than 5% of his total shares owned, and the rumor is that he has been trying to cover shares he bought earlier last year on margin.

There was news on Monday about a new networking chip that may revolutionize the market, but I don't think today's runup is due to that news. Rumors are that more good news is coming and that people who know what's going on are buying. The rally today has somewhat subsided last time I looked though, so maybe it is just a dead cat bounce.

Grant