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


To: Mama Bear who wrote (5162)2/2/1998 2:18:00 PM
From: craig crawford  Read Replies (1) | Respond to of 10479
 
So are you going to short some before the close then? (If it doesn't move up)

Sounds like a good idea to me...



To: Mama Bear who wrote (5162)2/2/1998 2:53:00 PM
From: Dennis G.  Respond to of 10479
 
A position either way in this stock right now is too risky for me, but I'm still watching from the sidelines. Right now I'd say the longs have the most risk. This company is running on fumes and the stock is up on a lot of unsubtantiated hype. Needs some real news to support it at this level. Last quarter statement showed total equity at only $41 million, with only a handful in cash. Already trading at 2.5 times that.

I bought into ADCT Friday at 18 1/8 instead. A strong company in the same business which had it's first stumble ever. I figured the markets wacking was excessive and a rebound was likely. Also think it's much more likely buyout candidate than FIBR. Check it out. Still quite a bargain I think.

Good luck all.

Dennis