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

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To: Rick Smith who wrote (6)4/22/1997 10:18:00 PM
From: Ash Bansal   of 802
 
Rick:

Down another 3/4 today on increasing volume. Based on TA could you render an opinion on where the new bottom may be?

I started buying Fastcomm for a lot of the same reasons you have mentioned in your post. I also tend to agree with the stock's "potential". It is very puzzling, however, to see lack of appreciable progress on the revenue side. This concern gets further heightened when you think about the fact that the market for their type of products is exploding.

Regarding their recent releases, there is much emphasis on hiring of sales personnel (which is important) but an almost complete silence on any progress made on the actual sales (which is equally or more important). Some of their earlier appointees have been on board for almost six months. Sufficient time to influence sales through resellers.

Would appreciate your comments.

Ash
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