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


To: Ausdauer who wrote (2069)3/27/1999 11:00:00 AM
From: Elroy  Read Replies (2) | Respond to of 3541
 
Perhaps one reason for the lackluster of the stock recently is one point they made during the conference call.

They said that the March quarter is seasonally their weakest, the June and Sep quarters seasonally their best, then the December quarter likely to be somewhere between March lows and Jun/Sep highs. Since the March quarter is almost finished, it probably means that they know they are going to report sequentially down results for March. So why buy a stock now that is likely (according to management's forecast) to report sequentially down results in mid-April reporting period? Seems you can probably wait and pick it up lower in May/June, and hope the forecast for seasonally strong Jun/Sep quarters pan out. At least that's what I plan/hope to do.

Elroy