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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Craig Kaltner who wrote (338)	11/19/1997 11:19:00 AM
From: Rick Smith	Read Replies (2) of 802

Craig: I don't KNOW anything other than what's been released by FSCX. But I have a very strong suspicion (and a source who's proven reliable in the past in this industry) that the quarter we are currently in, will be the most profitable in company history. Admittedly not a big statement given their recent numbers, but I have been hearing that FSCX's 3rd quarter, which started November 1st, would be when we see the efforts of the sales team and past contracts and OEM deals show us some money. I have traded this stock a lot, to say the least. But I'm now in the longer term investor camp, and will hold onto the stock for at least the next year, unless something changes dramatically. I won't go over all of the points why the stock will work again, but I would point to the fact that Frame Relay is just coming into it's own at this point all over the world. And FSCX has established critical relationships with some of the biggest players in the field. The announcements over the past couple of months have been great news, but not given any support to the stock price. So why has th stock dropped so rapidly?? I think two factors unrelated to the company itself, although I wish Madsen would say something to add confidence to shareholders who are being scared out of the stock. 1) When the stock touched $5.00, it set off margin calls all over the street. These investors had to make a decision to sell or come up with more cash by selling something else. 2) There has been some intense tax selling going on that has hit the stock pretty hard as some rather large investors (one was in FL selling over 80,000 shares at the end of last week, without regard to price) have liquidated for end of the year house cleanning. I'm buying here and reccomending FSCX to a number of people who have made money on this one before but are currently out. This is a great time to get in. Especially if we are finally going to see some substantial numbers posted. Good Luck to All. Rick..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next