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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (1664)	1/26/1999 8:59:00 PM
From: david james	Read Replies (1) \| Respond to of 3541

Thought I would add my 2 cents too. I get the feeling that IFCI now has a lot of people trading the cycles on the stock. On each cycle, the news or the potential of news moves the stock up 20% or more, then its sold and possibly shorted down. This group has received the help of selling by Sapp. As it gets near its lows, several individuals appear on the Yahoo boards talking about how the company is about to go under, the stock is manipulated by insiders or some such rot. Its bought back and cycled again. I saw on Bloomberg that Sapp sold something like 470,000 shares in December, so he should almost be out. Hopefully during the next rise, there will be fewer shares to sell. The company is extremely healthy and making a great profit relative to its peers even if they make just 10 cents this quarter (150% growth). But those trading the cycles are unfortunately shaking out some of the longs. Saw another article on Bloomberg from 'fiber news' or something like that mentioning that the IFCI and the demand for fiber in the southeast. Pity it doesn't get registered on the main wires. David