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


To: FastC6 who wrote (1930)3/22/1999 5:33:00 PM
From: Satch77  Read Replies (3) | Respond to of 3541
 
Snake,

I like that you posting your position.

My thinking is that last time earnings came out, we missed by a cent or 2, and the price started dropped the first day after earnings came out. This time, we at least met or beat estimates, AND 1st quarter earnings will be coming out in just 6 more weeks. With the successful earnings and sales growth the company has shown, and the PE continuing to drop and the price staying stable, there is a very good chance we are building a base right here at this level. Growth stocks just don't deserve a PE of 15 if they have a 75% growth rate.

I enjoy your posts, but don't agree with your position.

Satch



To: FastC6 who wrote (1930)3/22/1999 5:57:00 PM
From: stockycd  Read Replies (1) | Respond to of 3541
 
Hey Snake Eggs,

Was that your short covering that pushed the price up the last hour today? I smell a squeeze...

C




To: FastC6 who wrote (1930)3/22/1999 6:49:00 PM
From: mark garner  Read Replies (2) | Respond to of 3541
 
snakey:

im not losing any money. the stock
can go down to $5 before i would
start losing. personally, i thought
the earnings were GREAT. i liked the
numbers. this is a longterm hold for
me.

now, did u cover your short yet? i think
u better cause i think there will be a
delayed positive reaction to this news.
even if there isnt, i dont care, cause im
long.

still dont understand why u would short to
make 5 1o 10%. too much risk, IMO.