All:
Re. current price, Franklin:
A lot of us seem to be somewhat in the doldrums, feeling quite shaky in our confidence in Franklin lately. While not disparaging others' right to be temporarily dismayed, and while fully appreciating--and learning from--well-thought out posts in this vein (i.e. Judith's), I'd nevertheless like to restate some positive sentiments as to why I remain "realistically optimistic." Hope they help lighten the air a bit.
Four items: (1) Franklin's overall price trend is clearly UP; (2) Perhaps too many people are mistaking the forest for the trees lately; (3) My own good experience speaks volumes for me; and (4) I continue to have tremendous long term faith in Franklin.
(1) Franklin's overall price trend is clearly UP. Let me state this again: Franklin's overall price trend is clearly UP. Looking back over more than a year, I see a consistent trend upward, peaking at $10.50 a couple months back. Remember that twelve months ago at this time we were around $1.50. Now we're around $4.50 (figure it out; yes, this is 3 times as high, even given our temporary fall from $10.50). So I notice two things--for investors and for traders, respectively: (a) For investors: on a long term basis, FTEL is doing very well (gradually moving onward and upward), and (b) For traders: on a short term basis FTEL is affording terrific opportunities to make some nice $$$ (due to some notable fluctuations). The point? Whether holding onto or trading this, Franklin certainly is one stock to be positive about. So I wonder--why so much negativity the past few days and weeks?
(2) Perhaps too many people are mistaking the forest for the trees lately. I'm starting to think that if Franklin had never spiked to $5.81 last February, and then to $10.50 a couple months ago, that if FTEL rather had just consistently risen to $4.50 (from $1.50), all I'd be hearing about is how fantastic an investment Franklin has been the past year. Folks, volatility tends to be the name of the game here on the OTC:BB. I mean, we know this going in, correct? Price fluctuations tend to be much more pronounced (especially in percentage terms) for many reasons on the OTC, compared with the NYSE, the AMEX, or even the regular NASDAQ. This would probably take 10 posts to get into! The bottom line: even given this, Franklin remains WAY up over the past year. I'll repeat this last sentiment--The bottom line: even given this, Franklin remains WAY up over the past year.
(3) My own good experience speaks volumes for me. As much as I've appreciated the two tremendous spikes we've enjoyed this year, I'm certainly not surprised that Franklin has retreated to lower levels on lower volume (as emotional trading seems to be the name of the game for most BB folks). And yet, holding has done well for me. Even as I think of those who bought in a few weeks ago at $8.00 or $9.00, I recall my own investing history: I bought FTEL for the first time about a year ago near its then-high (in the $5s). I continued buying as the price retreated down into the $4s, then the $3s, then the $2s...nerve-wracking, yes. But before I knew it, two things happened: (a) my average cost per share dropped from over $5.00 to under $4.00; (b) sure enough, the price recovered--all the way up to $10.50. In retrospect, I suppose I was silly not to have sold at $10.00 and gotten back in at $5.00--but I'm no trader anyway (at least not yet ggg)! I'd rather hold on to what I believe is a good company than try to time the highs and lows of any given price swing. And this brings me to my all-important final point:
(4) I continue to have tremendous long term faith in Franklin. Again: I continue to have tremendous long term faith in Franklin. This is due to several factors, the most important of which by far is my own DD. Also, others on this board (notably RB, vic and Temp) have written a variety of notable posts concerning so many important things: Frank's vision, tech aspects, visits to Westlake, whatever ... and all things considered, these notes taken as a whole have served to reinforce my positive long term view. Again, I've also appreciated hearing well-written posts to the contrary; indeed, they help me ask questions I otherwise might not have. But my faith in Frank--and in where he's taking his (our) company--remains secure.
To recap, the four positive sentiments are: (1) Franklin's overall price trend is clearly UP; (2) Perhaps too many people are mistaking the forest for the trees lately; (3) My own good experience speaks volumes for me; and (4) I continue to have tremendous long term faith in Franklin.
Comments?
Onward and upward...shalom all |
