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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: Dave Rebok who wrote ()1/22/2000 7:37:00 PM
From: Witold  Read Replies (1) of 3347
 
This company was hyped by investors a year ago or so. The company has management who apparently has made some mistakes along the way but the same management has been able to establish relationships with the industry leaders such as Lucent. Many investors have left and tumble weeds run across the discussion board deserts. The price went steeply down and then roughly stabilized itself around 0.25. Is it a fair value? Is it oversold? We will one day (hopefully soon) see a 100% price increase as a news PR comes close or it will spike due to the stock newsletter.

What is the safer strategy now: to invest in ebays and yahoos after the great run-up and risk a pending correction or buying a depressed stock like FONX and take advantage of an inevitable (IMHO) price hike or spike. I think the later option looks better and SAFER to me. Of course, lets not invest our rent money in it. If you diversify and identify ... 10 companies like FONX you will enjoy price spikes every now and then and I would not sneeze on a 100% gain here and there.
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