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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?


To: Foo Bar who wrote (177)2/5/1999 1:34:00 PM
From: J Gunn  Respond to of 1983
 
Did you read the part that said "can't pick the absolute top or bottom"? I am a very small participant but I sure as heck listen to the "big guys". I am perfectly willing to pick up the crumbs they leave. I wasn't "lucky" enough to buy MFNX at $15. If the BIG boys want to move the market down, I won't stand in their way. I thought 3-Com was terrific a couple of years ago, especially after the US Robotics purchase. THEY disagreed and the stock went from 66 to 24. At 39 I thought THEY were done and bought more. That was a couple of years ago and the stock is currently trading at 34. THEY have more time and money and will "move" a stock that is riding TOO high. I say, Hide until they change their minds. The tide will turn,but right now THEY want out of tech and ALL companies will suffer until they come back.