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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (7935)4/21/1999 12:10:00 PM
From: sergio  Read Replies (1) | Respond to of 18998
 
Mama,
What did u do today with FIBR? ;) I have been
waiting for this. I am now to break even after a
long wait. Another two more pts down and im out.

sergio

P.s. These made me sweat for 4 months..



To: Mama Bear who wrote (7935)4/21/1999 9:54:00 PM
From: David Wise  Read Replies (1) | Respond to of 18998
 
I'm sorry, you must have me confused with someone else. (Well, you tried it on me when you denied over on the Pink line that you were the one who shorted FIBR.)

Actually, I got out at $18. You'd have to look way back this a.m. on Raging Bull to find it, but I posted that I was out.

As for FIBR, if stockholders could take it over we'd have a heck of a company. The products are real - I've seen them, FORE has seen them, US West has seen them, and 8 of top 10 printer makers use their products. But no one will know whether to believe Par or not from now on. We don't know if the 87 Giga evaluators exist or not. The SEC IPO filing clearly says that Osicom has told NSIL that they will hold all shares of stock and not distribute them to shareholders. They are also subject to a 365 day lock-up. This was my breaking point. I wanted stock in NSIL with management separate from Osicom to avoid the negative perceptions. In this matter, I have no doubt Par decided to follow the advice of his attorneys despite going against shareholders wishes and his prior statements.

Notice a big difference between you and me though. You didn't just leave and take your losses, you ran down everyone who remained long calling us sheep and worse. You did this for a self serving purpose - you turned short (no problem, except you didn't have to post incorrect and misleading information to further your cause). That's when I lost respect for you.

There's one other difference. You left with the stock price down. I sold at $18 for a nice profit, having doubled my position at $2.00

Still, I wish you success, and that you learn to treat your fellow man (er, and woman) with respect and fairness.

For Osicom, lets just see where the chips fall. I may get back in someday. Right now all we know is that someone lied. It could have been that Par was grossly misquoted. It could have been that Par lied to boost the stock price and rescue a company he knew could survive and do well if the shorts (yourself included) would allow them to run the company in an honest fashion.

I'm not fighting that war. I'm looking for a profit from investing. For the foreseeable future, it's not in FIBR. The NSIL change was it for me.

Good luck, Barb!