Debra,
Another point that should be made with respect to micro-cap stocks like DCIC and FTEL is that they are inherently volatile. I have followed FTEL daily since April 95 and can attest to the volatility! That is just the way it is given the small float.
Additionally there are generally two schools of thought when it comes to successful investing; long term and short term. Long term investors like myself would rather not gamble, by selling, on a fairly quick run-up, even though it might mean a doubling or tripling of their original investment, because we believe that the bird we now hold in our hand will become even bigger. On the other hand there are short term investors, or day-traders, who would prefer to set target buy and sell prices and adhere to those parameters regardless of any future gains they may forsake. Both strategies are legitimate. No one should ever be criticized for employing either one. Which is not to imply that you have ever done that. We all buy stocks with the hope that we will be able to sell at a future date and make a profit. At what price, either gain or loss, you or I decide to sell at is up to you and I.
The prospect of great news did much to elevate FTEL to near 3 bucks. The lack of any great news brought it back down to the 2 dollar range. I will wager my Mickey Mantle autographed baseball that we will see 3-plus and more relatively soon.
Your posts are informative. I am an old Prodigy lurker and sometime poster and concur with your general analysis of the quality of posts over there. Went there yesterday and last night to read everything regarding FTEL/DCTC. Everything that one reads there, or here for that matter, should be viewed with caution and skepticism. What I am saying is that people who take out a 2nd mortgage to buy into anything because of what they read there or here have no recourse if the bottom falls out. Due diligence, analysis and even gut feelings, but everyone needs to assume complete personal responsibility for whatever they decide to do with their hard-earned money. And if you should lose your shirt you have to concede that nobody stood behind you with a gun to your head and forced you to buy..or sell. I do get tired of all the whining because "so and so said this" or "I thought this was going to happen".
There is no such thing as a sure thing in the market. If FTEL was a sure thing it would be trading for a lot more than 2 5/16. I like it because of where they have positioned themselves technologically and service-wise with respect to what is without a doubt the most phenomenal communications mediums man-kind has ever seen..the INTERNET. That is why I began following them almost a year-and-a-half ago.
I've carried on too long. Keep up the good work and the level-headed, professional posts. I know I join the growing ranks of many others in thanking you. (Go Gators!)
Bill Watkins
**Peyton Manning is a great quarterback, but Tennessee could be in for a long afternoon... |
