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Microcap & Penny Stocks : Microcap Potential Homeruns--Credible, and Reporting
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To: NAG1 who wrote (806)5/19/2011 9:38:13 AM
From: Ted M   of 1056
 
Agree. Have liked FLXT for a while and was on my list as a very interesting tech that I was going to review before it was initially discovered last year on the Kitchen, after which it skyrocketed in a very short time. I stayed out until the pullback into the 40s, and then bought more further down.

I've been cautious until someone, anyone, places an actual order. Since lead times are long and they only in last couple of years moved out of the develop. stage, this is the ground-breaking time.

Price at $1 was ridiculous IMO since the company hadn't yet proven anything (however it well may be worth much more in short order)..IT was comparable to VSYS back 8 YEARS AGO when everyone was looking for the big order and the price was pushed up to over $2. We know what happened when the big order never came through. Years of agonizing stock price drops, dissapointment after disappointment. A big diff here though is the scalability--I think: Ie, sensors are probably much easier to mass produce/install than MESH.

The drop way back down to 25 cents was not a good sign. Turns out I think it was due to delays with the auto sector. Yet, I was a buyer at those levels because it seemed worth the gamble.

Now at 50+ cents the main reason I would be a buyer is the much clearer recent guidance along with the strong backing over there on the Kitchen. I own it still for the long haul but am willing to play some short term moves until they start showing me the money.

ted
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