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Stock tip Riverstone Networks

Discussion in 'Other Off Topic Forum' started by bobafett, Feb 9, 2004.

  1. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    Ok guys, I bought 100k shares at 1.48 this morning. They are undervalued IMO. Market cap is about half of cash value, their chief architect is the guy who developed MPLS, their burn rate seems minimal, they just did a big show in europe and have either announced or are about to announce some major moves.

    I am targeting $6 within 4 weeks, but I could be dreaming. Thoughts? As always, at your own discretion, blah blah blah.

    --Dan
     
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  3. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,732
    Nova Scotia Canada
    Full Name:
    Neil
    I will be like every other noob. When it hit $6 I will get in. Then hate myself for not getting in sooner. Then when it crashes, I will ride it down to $.10 in spite!
     
  4. stokpro

    stokpro F1 Rookie
    Lifetime Rossa Owner

    Jun 25, 2003
    4,349
    Himalayas
    Hey Dan,

    Any recent financials for these guys? I can only locate 2002 figures. May be an interesting play. At least they have decent volume.

    Andrew
     
  5. PeterS

    PeterS Three Time F1 World Champ
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    Jan 24, 2003
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    Riverstone is a VERY high-risk stock. Keep an eye on it. I hope you do well. Take a look at MTXX. This one is VERY promising and I feel is at a temp low. I bought 5K shares this AM @ $10.30. Take a look at their 1 Yr chart.
     
  6. Mako99

    Mako99 Formula Junior
    BANNED

    Dec 29, 2003
    454
    Funniest post of the day. Also way too accurate. lol
     
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  8. KevinW

    KevinW Karting

    Nov 4, 2003
    106
    Phoenix, AZ
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    Kevin
    I agree...looks like they took a dive after the lady on Good Morning America claimed she lost her sense of smell using Zicam. Now might be a good time to buy in...
     
  9. PeterS

    PeterS Three Time F1 World Champ
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    Jan 24, 2003
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    Kevin...Ya, that was kind'a funny! Who does not have taste or smell when they have a cold! I think this lady is just looking for a lawsuit to cash in on! I believe this stock is a great buy.
     
  10. Mako99

    Mako99 Formula Junior
    BANNED

    Dec 29, 2003
    454
    Funniest post of the day. Also way too accurate. lol
     
  11. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,732
    Nova Scotia Canada
    Full Name:
    Neil
    Yeah, it probably happened once or twixe in the history of the world.
    A good idea comes up and people are afraid about losing a few grand. But they spend 5,000 a year on Pizza and beer. Too many people say "it's a bad idea". And too few say "tell me more".
     
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  13. beast

    beast F1 Veteran

    May 31, 2003
    8,965
    Lewisville, TX
    Full Name:
    Rob Guess
    Dan

    I got into RSTN this morning at $1.58 while not skyrocketing up I think it will climb a bit more. I am thinking more in the lines of $2.00 - $2.25 before i get out of it.

    Rob
     
  14. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    Rob,

    I'm in it for at least 1Q worth. I don't think it'll close above 2 today, as it touched 2 but had some sell-off. 1.92 right now, my guess is it'll close around 1.89-1.91. Tomorrow we might break the two mark, which is a bit of a psychological barrier.

    You should be happy, though. Little over 20% today.

    --Dan
     
  15. beast

    beast F1 Veteran

    May 31, 2003
    8,965
    Lewisville, TX
    Full Name:
    Rob Guess
    Dan;

    I agree today was a great day closing up 28 cents a share. not a bad start. it looks like there was a little bit of heavy dumping right at the close. I just might stay in a little bit longer than i expected to :)


    Rob
     
  16. Hubert888

    Hubert888 F1 Veteran
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    May 14, 2003
    5,376
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    Hubert
    If you are investing/speculating in RSTN....make sure you watch ETS also. RSTN was spun off of ETS and are in the same sector. They move in tandem. Just my 2 cents.
     
  17. beast

    beast F1 Veteran

    May 31, 2003
    8,965
    Lewisville, TX
    Full Name:
    Rob Guess
    Dan

    So far today it is not looking bad at all, up to $2.00 in the first hour of trading :)

    Rob
     
  18. beast

    beast F1 Veteran

    May 31, 2003
    8,965
    Lewisville, TX
    Full Name:
    Rob Guess
    Even better stock in the company i work for, UTI has shot up almost $5.00 today after the reporting of the 1st quarter earnings :)

    Today is off to a great start
     

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