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


To: Mohammad Khan who wrote (7726)7/28/1998 9:00:00 PM
From: Brian  Respond to of 10479
 
To all:
IMO, this stock is severely oversold. I think it was just a knee jerk reaction to the reverse split. When the price jumps to 10 next week, we will be kicking ourselves for not purchasing more in the 5's. If we can stay above 5 this week, I think the worst will be over. After all 5 is just 1.666 pre split. Remember December when it was stuck at 2!!!

I used the dip to average down today. I think those who really wanted to short will have done so, although I can't see why they would at this price.

To all fibr longs:
I suggest taking this week off and coming back next week. I think you will be pleasantly surprised.

To all fibr shorts:
You had better watch this closely.

Brian



To: Mohammad Khan who wrote (7726)7/29/1998 12:10:00 AM
From: Dennis G.  Read Replies (2) | Respond to of 10479
 
Not a very great start for ELON or several other IPOs today. Looks like a bad time to do one, especially hardware. Wall Street hates hardware. Wouldn't be surprised to see it drop under the offering price tomorrow.

Not sure how they get a $240M market cap. Offering was only 5 million shares, meaning total of only $35M. Is there another 30 million shares somewhere? They traded 2.5 million today.

Dennis