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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 (5)4/22/1997 2:47:00 PM
From: Rick Smith   of 802
 
So far I've been wrong regarding where FSCX was headed.
I'll bet you haven't seen too many people admit that on SI before.
I was not wrong however on my technical anaysis. TA is used to give you a time to buy a stock after you have done the fundamental homework, which I have done and stand by. It is like knowing that you like oranges (or lemons as the case has been for this pick so far), but waiting for them to come into season before buying them in the store. Even after you buy them, you sometimes must wait a while longer before you can eat them.
I still maintain that FSCX is fundamentally in the right place at the right time. Only time will tell but I'm very very long this stock and believe if history has taught me anything about the guy running this company, it's that he wouldn't be putting his own money in, to this degree, if there wasn't something major going on. And what about the guy who sold his company to them for stock. He has to have had some pretty good info before he did that as well.
But for now I'll have to take these shots at my credibility until things at FSCX change. C'est la vie.
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