The Phantoms' Wake Up Call Email Hotlist" (tm)
September 20, 1996
NOTE: For those of you that receive WUCEH TRADER , we will start back on our regular scheduling today. After having spent most of this week out of town and away from the computer, it takes a few sessions to get the feel of where we are. So as they said in the movie Poltergeist, "He’s Back"
I know the question on everyone’s mind after yesterdays pummeling of FTEL, is what’s happening.
Here is a just a sampling of the dialogue that took place yesterday in the form of email exchanges with my subscribers. I think you will find the various comments interesting and a good lead in to today’s commentary.
*****************
>buy!!!sell!!!!hold!!!!! FTEL??????
>
>dennis
Strong Buy or hold. FYI only, I keep a 4:1 ratio of FTEL over DCTC.
****************
>Raleigh, that was an excellent writeup on DCTC but what about FTEL. I'm
>invested in that and always thought they were the better play. Now I am
>confused about the situation here and will probably dump it all here in
>the next couple minutes. Any advice or do you know if news is pending or
>anything about the SF meeting. Thx, RH
Bob,
The meeting in SF went well. HOLD your FTEL. FYI, I hold a 4:1 Ratio of FTEL over DCTC, they are the safer of the two investments, in my opinion.
RB
******************
At 10:40 AM 9/19/96 -0700, you wrote:
>phantom whats with the sell off in ftel i want to by more what do you
>think!!!!!!
>
>
I think that those that received their Private Placement shares didn't sell last week, thinking that the meeting would bring some revelation, when it didn't come, some sold off and now your seeing a mass exit for the doors. I would be a buyer as soon as it bottoms and look for a quick pop back to 2.50.
RB
*******************
Raleigh,
I appreciate the feedback on the DCI meeting. As you might guess
however, I find my self with many questions unanswered. You had left us with
such high anticipation of what this meeting was going to lead to for FTEL, I
find it odd that you didn't address that in your correspondence.
You indicated we would have Two so, so News announcements by FTEL last
week and one "barn-burner". You also said that we would move above $3 and to
$5 within a short period, (2-weeks if memory serves me properly). You
basically made a very strong Buy recomendation on FTEL. You repeatedly have
stated that FTEL, not DCTC is the strongest play for various reasons.
Is your position the same? Has it changed? If so, in what way?
(Other than these companies need to be viewed separately.) Many of us have
a lot of money riding you your input in these companies, especially FTEL.
The price has dropped like a rock since the meeting you went to. WHY?
Should I be running for cover? What happened to that "barn burner" news
release? Basically - WHAT'S GOING ON?
David
************************
This is where I will start the letter today, in response to David’s letter:
I too had high expectations going into the Dayton meeting. When the meeting was first presented to me, weeks ago, I was under the impression that it was going to be focused on FNET. Also, if you will remember correctly, up until just this last Friday, I was also under the impression that Frank Peters was going to be able to attend the meeting. I too, was clearly disappointed, when it was made clear that the meeting was instead going to solely focused on DCI and DCI only. Hopefully, that explains my high expectations regarding FTEL, and why yesterdays commentary regarding the meeting was about DCI and did not make mention of Franklin.
My projections that FTEL will move above $3.00 to the $5 level, still stand. In fact more so now, then ever. We did in fact touch $3, so I do not feel any apologies are needed, nor are any given. Keep in mind what the price of the stock was, at the time I made those statements. If my memory serves me correctly, two weeks ago we were under 2.00 (1.87 on 9/5 close), so if a 50% gain in the interim fell short , I think
your not dealing with the reality of the Micro Cap Arena of investing.
As for announcements, again, FTEL has made statements that they expect to be on line with FNET, nationwide (Gridnet), by Oct 1st. That is less than 10 sessions away, and a lot has to be announced between now and then. That is based on common sense. Remember, for all these things to happen, many pieces of the puzzle have be filled in. All you have to do is ask yourself, how’s production of the D-Mark channelbank coming, how about the server, who’s co-developing these two pieces of equipment, what’s this software modem thing mentioned in DCI’s FNET overview, who’s switches are GTE’s OC24 going to be hooked up to, how’s it going to be paid for or more likely, who are they going to partner with on these projects? There’s your answer. Do you think it’s safe to say that only two so-so announcements and 1 biggie might come out the above? As to why some of these announcements haven’t materialized, I don’t know, let’s write it off to " Sh*t Happens".
All the above, is neither here nor there, what is important is what to do now. I am thoroughly convinced that yesterdays sell off was the direct result of private placement shares that were flipped on lack of news coming out of the meeting. Just look at your comments, and the other’s expectations. The way I see it, all the above announcements are still "on the come", only now the window of time is even more concentrated.
Yesterdays sell off is to be considered a gift. Franklin is "Primetime Live" and any inaction regarding not taking advantage of this, can be considered the missed opportunity of a lifetime. Don’t get caught flat footed, we are moving into a very condensed window of opportunity that is about to slam shut. Either hold, or use this lower price to add to your core position, because I stand 100% behind the fact that we are going to breakout of this penny stock arena and enter the big leagues, real soon.
*Note I am going to send this on now, and will follow up with the Part II in a few minutes.
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