George, thank you for the level headed post. You sound as if you are
pretty serious also. You should contribute more often!
Your post reminded me of what allegedly happened to a friend of my father's several years ago. The gentleman was a pretty well known individual in his community and was a successful business executive. Pretty Smart guy too! Anyway I understand that he bought some stock in a small company with lots of potential on either the pink sheets or BB market. Apparently, he did his homework first and decided this company had a lot of potential in a huge market. I was told he bought a lot of shares on the cheap and was committed to ride it out as he felt he had a winner based on his research. I understand he sweated it out and stayed the course. A few years later (about 1990) I was told the story about how his stock was now worth about 5,000,000.00 (five million dollars). How many people could have that type of perseverance and vision? It takes guts, knowledge,and confidence. By the way I totally believe the story as I did know the man although not well. He had what it would take to follow through. Anyway, I wish he was still alive as I would love to talk to him about this FTEL/DCTC/FNET investment. I'm sure he'd tell me about how people thought he was nuts!
He is now deceased and I wonder if his wife cashed in his Telephonas (sp?)de Mexico telephone stock which I believe is listed on the New York Stock Exchange. Goodness only knows what his initial investment would be worth now.
I would be inclined to believe that nobody had to pamper him or hold his hand to stay the course. I believe he was succesful and smart enough to make that determination prior to "jumping in".
Remember back then in the early 80's there was much less information and I do not believe he even had a fax machine. Now you can get the information to better qualify your decisions and I like that. However,
I truly believe that you should get the information from the company (whatever you can get)and take it seriously. Hype won't build a company only positive results will. Some people get wrongly mistaken
as hypsters when their heart is in the right place. Others may be
hypesters for real. Again, when we know what the real facts are
it is easy to separate truth from fiction. The only way we can get the true facts is to do our own homework. Man, does it make it easier to sleep! Some people are naturally jealous that they did't do their work or were "talked out of the investment". Hey I wouldn't let
anyone "talk me in" and I'm sure not going to let anyone "talk me out". I will base my actions on the facts as I understand them.
When will the next "big thing" happen? I'm sure the company will let us know via a release. Others may think they know but this is so fast
moving it could be changed in an instant. I expect more good things.
Good things going on and yet panic sets in - now this is a test -
which I am committed to handle. Don't know the whole story about investment bankers? Hey join the club at least we a company they will actually meet with. You want to get the measles? You've got to get exposed. Apparently Frank and Joe are willing to show up and catch the measles! The money and deal which could come from this may be a great cure! <VBG>
RE: The story about the business executive
It is rare but it can happen. I think the best way to recognize that
opportunity is to know your investment and not be deterred by anything or anyone (outside of the company) regardless of what may or may not be said.
If this company goes as high as I think it will, I will probably never remember the "hey, I sold mine ain't I smart posts?". However, I would venture to say that those that wrote them will remember them for eternity. Just a thought.
I think this industry of telecommunications/information/technology
will be a good area for the long haul. Like the 15 years! What do you think?
Just my opinions.
Regards,
Debra Watson |
