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Technology Stocks : Fonix:Voice Recognition Product (FONX)
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To: franco nuvoloni who wrote (1252)10/20/1997 4:11:00 PM
From: Bob Richmann   of 3347
 
Well, you can wish me luck, I'm not short. I've been wrong before. I'm keeping FONX on the radar screen & if they ever start to show they actually have THE breakthrough VR technology, I believe there will be ample time to get back in before the big run. It could happen.

I think when investing in a story stock like fonix, the majority of investors are looking for a SUBSTANTIAL move in fonix & I believe that there will be fairly clear indications that this is going to take place before the stock really takes off. If fonix is going to $100/share and going to be the biggest thing since Windows, I will be able to get back in at $10-15/share and still do well. Until there is some real way to measure progress (i.e. revenues, technical articles, expert opinions, deals with identifiable customers) I think there are many better places for investors' money.

If I turn out to be wrong, I'll be the first to admit it & if my thoughts change I'll post that here as soon as I make my purchase. If I prove to be wrong, hopefully I'll be able to get back in before missing too much of the run & if your wrong hopefully you'll be able to get out at a good exiting point. Best luck to all, fonix is having a decent day so for today, I'm wrong :-)
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