SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?


To: jas cooper who wrote (9122)9/10/1998 4:39:00 PM
From: Rich  Respond to of 12559
 
Market down but Fore up....hmmmm something different for a change.

AT&T announced their new network that is based on ATM technology and is supposed to be up and running in 1999. My guess is that they will be using FORE for the switches (hope so!)...we need this boost to get back where we should be in the mid 20's.




To: jas cooper who wrote (9122)9/10/1998 4:45:00 PM
From: jas cooper  Read Replies (1) | Respond to of 12559
 
Well FORE holders, I'm out of this stock for a while.

Why?

It was up on a crappy day.
I escaped with a meager profit (supersize that Big Mac!).
Similar stocks have been more devastated, offering, IMO, better short/long term opportunities (e.g. XYLN).
I bought other stocks today, and selling FORE (and APCC) keeps me out of margin.
Market is beating the shit out of high P/E stocks. If they take the P/E down to 25 or so (like they did with XYLN), this becomes a $13 stock.
Recent acquisition very poorly timed, and poorly received.

I'm not anti-FORE again, yet. In fact, once things settle down, FORE should do quite well. But right now, I feel better with my money elsewhere.

Am I crazy?

James



To: jas cooper who wrote (9122)9/10/1998 6:01:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 12559
 
FORE: SG COWEN SECUR. increased estimate for quarter ending
09/99 from $0.21 to $0.22 on 09/01/98

How bold of them to admit they erred by a penny for earnings yet a year away. Is this a
whimpering buy signal?


Jas,

The problem is FORE has no idea how much they will make the quarter ending Sept 99. How about a new number in the spreadsheet so revise estimates?

Glenn