So I looked at the prices this morning, not because I am concerned about the two best investments I can think of, GBLX and FRO, but because I want to know what the rest of the world is thinking. I see FRO is down 2 1/2 and GBLX is down 1 1/4. The DOW and NASDAQ are down a little. I look at the volume for FRO: at the open over 550,000 shares are dumped onto the market, and the average daily volume is about 1,800,000. That is almost 1/3 of the daily market was offered for sale before the open. Of course the price will be down......and I reckon those 550,000 shares will be bought back prior to the end of the day, and possibly at a price lower than what they were sold at. GBLX had about 200,000 shares offered at the open. My take on all of this, with the DOW and NAZ down like crazy, and these two stocks dancing to their own tune, going down on the big dump of shares but NOT going down on the big dump of the indices, hey now, these are real substantial prices on some of the best potential I have yet seen within my realm of investing. I have been given the opportunity to see this thing unfold, lose a little money (I first bought at 59, but got out at 45, back in at 37 and back out at 32), and now because I won't give up, I see the future telecosm unfolding in front of everyone, and until these stocks hit 35 or 40 nobody will take notice.....except the watchful, of course.
Somebody mentioned a few days past that we ought to double up on our positions. I thought about it, more than doubled my position and then called my dad. He really likes utility plays because they are so reliable, they get cut in half but always seem to come back (in a year or two), so he understood quickly what was going on if this company was trying to butt heads with ATT or MCI, and since it has already gone down so far he figured he wanted some too. Tell your friends, my friends. From 64 to almost the IPO price, and with all that additional infrastructure, you would be cruel not to tell your friends. Let them make up their own minds, but tell them to please take a look at this because you want someone to have as much opportunity as you do. Once I started seeing more news items without that moniker "upstart" always there, I knew the big boys were finally glutted and now will let this play out of the starting box. They have their share of the play now, and will let us have ours. I guess I am bullish. Martin |
