Fastcomm FSCX (6 1/8), base now complete. Big Upside. Message Board

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

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To: Shoe who wrote (87)	6/1/1997 5:44:00 PM
From: Rick Smith	of 802

Shoe: I will absolutely post if the story is unfounded. One strategy you might use if you are uncomfortable is to buy June Puts to insure your position. The premium is low and if I'm right you will still see the upside. I have an extremely large position in the stock (for me, although I imagine that size is relative to one's portfolio) and am not concerned in the least. I am actually more comfortable with this position than any other I currently hold. I am considering buying the June 10 Puts on a move above 10 1/2 though. At that point, if we get there, the premiums will dry up quickly and I won't mind giving up the premium in order to lock in a gain and remain in the stock at the same time. With everything going on at FSCX right now, I believe that the risk is being out of this stock, and not in it as John G. believes. I could get in quite a fire fight regarding John G.'s short recommendation of this stock but I think I'll let him hang himself. I've taken about as much heat as I want from some of the short guys as it is. This week should be interesting to say the least. The Unysis deal, by the way, has some direct corelation to the work going on in South America this past week, although I really don't know exactly what it is. My understanding is that this is the technology that FSCX is promoting to their contacts there. Good Luck To Us All This Week!!! Rick..

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