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


To: rita labella who wrote (7973)8/13/1998 8:16:00 PM
From: thomas a. burke  Respond to of 10479
 
To All Longs,

I feel for you guys, I really do. As I stated to Afaq in my post #6850 , there were some serious problems with Osicom dating back to last winter.
1) IPO- why in the world would you pay more money to own what is already yours?

2) CSFB- I admit my investing knowledge is limited, but it does appear to be a floorless convertible, thus the death spiral.

3) Reverse Split- Always bad for the shareholder, Par and company had to know this, they cannot be that ignorant.

4) NO MAJOR SALES- If they had any good news, it would have been announced to support the stock.

I am neither long or short this stock. Osicom and Mr. Pawlak led me astray for awhile but I got smart before the house of cards fell.