More generalities while we wait: I've recommended this stock to a few people. And I would get questions back that even though its a good idea, there is not enough Information for them to give up some of their "dog" stocks to try it. But as we have said before, all the big rising stocks, at first, you never have a guarantee, or a laid out vision. Take Warren Buffet. He liked coke as a product. Not in his wildest dreams could he have forecast the enormous rise in the stock. I remember on Wall Street week, for years, COKE was always recommended, but my eyes were set on smaller stocks because I thought thats where the big increases were, and COKE was boring, and I did not have the patience for 5 year wait. So now its 15 years,
and look where I would have been. I remember another great investor
for a mutual fund, in the Midwest. He stayed in the midwest because he said there was too much "hype" in Wall Street and he could not keep a steady, patient vision if he were there. He went into a stock and would give it at least 3 years to develop. Then he would decide to keep it or sell. I sometimes feel about FNTN, "Well, is this really the
marketable product I want to think it is?", and some doubts creep in, usually brought on by something unrelated. But as we have pointed out, we have many examples (AMAZON, etc) where we can go back and see that those folks asked the same questions about their stock.
Even with AMAZON, I can remember when it was about $34 a share.
And I was thinking, boy, thats kind of pricey, but that was based on the "NOW" of the stock, and not the future. With FNTN, as others are pointing out, they have an idea that looks like many companies will snap UP. On line Video, etc. A great time saver, cost cutter. When FNTN comes out with their marketing strategy and starts becoming visible, I've got a good idea, that all these folks looking for another internet play will have their eyes popped open and jump. And maybe we ask ourselves, "but how could a penny stock go to those heights?" Well, at one time this was not a penny stock. It got dumped before the internets became hot. If this stock now came out at maybe $10 a share, it probably would make us feel better, just because the price would "validate" it. But those coming out prices are alwasy arbitrary, and the hotter the market, and sector, the higher those initial prices are because the company tries to put it as high as they can without over pricing the stock. We lucked out people. This company got trounced, back to pennies, and we jumped in, and now the product it has been developing is in a sector that is going crazy.
News Media cant stop writing about it. All the big companies are now getting into it, IBM, DISNEY, etc. And we have only a month to two months to go. There is always risk, but boy, WHAT A POTENTIAL OPPORTUNITY!!!!! |
