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Technology Stocks : FSII - The Worst is Over?
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To: Douglas V. Fant who wrote (1094)6/26/1997 9:26:00 AM
From: Joe Dancy   of 2754
 
Doug - Great analysis and fishing analogy. We are fishing in a pond where growth is expected to occur at 20-25% a year for the foreseeable future. Not many ponds like that in the U.S., anyway.

Dick Davis Digest had a great feature article - I don't have it in front of me now - but his conclusion is that now is the best time in decades to move some money into mid and small cap stocks that are growing due to their relative undervaluation. FSI will grow because they have good products in growing areas, and as a small cap will benefit from any trend that raises the small cap waters.

If there was a consensus on FSII and the money players were swimming here the stock would not be cheap - but the fact that things have not moved does not discourage me - because in the long term I know this company has good products in a growing segment of the economy and they will get their share of revenues and profits.

Further, if you jump in and out of FSII as some suggest you pay transaction fees, the spread, and the IRS, so it is very difficult to do even if you are real comfortable on the price trends.

In my opinion the easiest way to make a lot of money, and there are a thousand ways to make a lot of money in the market, is to buy good companies at attractive prices and hold - in the end value will out.

Best - Joe
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