FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 3.550

+1.4%

Jan 9 9:30 AM EST

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To: Neil Wicker who wrote (12943)	7/3/1997 12:21:00 PM
From: vic klimpl	of 41046

thanks for the invite but wont be in the area. Your post and the previous lead me to the following. A friend of mine who has since retired was a mutual fund manager for a biggie. He used to say this about buying stocks. He didnt care where the market was going and believed it to be a fruitless exercise. He believed his success was due to one thing and one thing only.That is to pick stocks or as I put it to be right. Does it matter where you buy this stock if we are right. I would never never buy a stock like this at 2 for expectations of 4 in a year. There is far to much risk for that type of return. I bought this stock as low as .77 (crazy asked price at the time) and had an 800% profit and didnt sell because if this cyclone crap works you have a better than 20 dollar stock and you only need one or two of these in your lifetime to make you a millionaire many times over.Again I am not good at trading and by the way none of my friends are rich through trading and I personally cant get there from that process.The reason people buy a stock like this at 2 and sell at 3 or 4 is that they fundementally dont know there investment and have seen other stocks go back down never to go up again and they are gunshy.(ps they didnt understand that investment either).In that scenario they will take there wonderful profit and put it in another stock and my experience is that I would usually lose it back. The best stock is the one you understand and hope it works ,if it does you are crazy to sell because you took the risk and then sold prematurely.Put simply, if this goes to 4 or 6 it will have gone there because equipment sales are coming in. This is a huge market multibillion $ and we may be at the being of a company going to plus100mill. do you think it may be prudent to sell before you can gage the scale of your investment.???have a nice summer ,next year i will be spending the summer in hawaii or samoa in my new condo. ( i will call it of couse the big kahuna on dirty dozen drive)

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