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Sorrento Networks Corpora (FIBR) Message Board

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  • roadrunne98 roadrunne98 Apr 14, 1999 2:24 PM Flag

    JUST TAKE A LOOK AT THIS

    On Nov 3, 98 at a price of 3.31 this stock was
    when I started watching it. I wish I would have bought
    it with my womans intuition. I still keep watching
    this, like a magnet it pulls me to think about this
    stock. Advise please !!!! Do you think this stock has
    more upside ahead of it or is it ready for a downslide
    at this time. Thanks for opinions. I wish I asked
    for some when it was 3.31

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    • >>On Nov 3, 98 at a price of 3.31 this
      stock was when I started watching it.<<

      I
      wonder if you're thinking of another company, FIBR
      hasn't traded below $5 since Oct 23, 1998.

      As for
      the upside, there is more potential here now than
      there was on Nov 8th. The NSIL rights offering that was
      anticipated at that time has now been changed to a
      traditional IPO. This will significantly increase the value
      of this spin-off to current FIBR shareholders.


      Since that time FIBR has announced its first
      significant Gigamux sales involving new network builds rather
      than fiber exhaust. The price has quadrupled since Nov
      8th, we could very easily see a five or ten bagger yet
      from here.

      Bryon

 

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