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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?

To: lazarre who wrote (359)	2/2/1999 7:28:00 AM
From: Mark[ox5]	Read Replies (1) \| Respond to of 779

Wow, we sure have some early risers on the thread... most days Im lucky to be up at 7:20 ;) (thank god for 15 minute commute.. ) More of a night person here! RCNC.. let me look real quick I love the industry Laz... after internets, I like anything fiber/broadband... its own pipe too.. definately an aquisition target at some point.. That is awesome it was mentioned twice... by 2 sources... usually that could be a good signal. This industry is ripe for consolidation. All I have really researched deeply in the field are GBLX and MFNX. For purely trading purposes, 37.7M float and short term chart... hmm... slight downturn.. major major support at $24... never hits its 20 day support.. only broke 10 day (which is where it is now) once... so this is definately a good buy point it looks like. With $2 downside. Mkt Cap is awesome compared to MFNX and GBLX. Looks like a nice one Laz. Like you said lots of resistance at 29 (but hey at this point thats an easy 10-15% gain) Keep me informed on how this one goes... trying to see what body part to sell for CNET ... Im all tapped out.. waiting for a margin call today LOL Laz! If you like the stock and its at the bottom of the trading range play the options... For buyout possibilities Id try the March 22.50 Gives you 7 weeks to play this for a buyout and if it spikes you can sell them or trade them as the stock itself trades between 26 and 29? bid 4 7/8 ask 5 1/4 Just more leveraged that way... I might take a poke myself or at least watch it. P.S. What were the CNBC stories about in general? Telecom or takeovers? Any other candidates? Thanks, Mark