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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside.

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To: Craig Kaltner who wrote (2)4/21/1997 10:10:00 PM
From: Ash Bansal   of 802
 
Today the stock closes down another 1/2 to $5 1/4 (a 52 week low). Not too much coming out of the company to indicate sales successes. Personnel continues to be added in the sales and now product management arena. Costs associated with all this hiring will show up in this quarter's numbers. If sales fail to materialize (again), the stock could be headed for multi year lows. The news of previously stated insider buying may not be sufficient to prevent further slide.

Long on Fastcomm and intend to stay that way for several more quarters (extremely disappointed though). Would welcome comments.

Ash
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