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Technology Stocks : Trimble Navigation
TRMB 78.35-1.5%Dec 31 3:59 PM EST
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To: SirAlexx who wrote (2168)2/2/1998 7:16:00 PM
From: Rubble  Read Replies (1) of 3506
 
I couldn't help but give your FTRK another look after all the controversy it's just generated here. I apologize first of all to everyone else for extending this way off-topic discussion for another post.

Your comment about a 40% gain has been pretty much addressed. Even ignoring the spread, you couldn't sell more than 500 or so shares before the bid was pulled out from under your feet. However, I'm certain that the underwriting firms are bolstering the price, buying into inventory any shares that their persuasive brokers can't manage to get the clients to hold on to, and trying to dump their hoard of FTRK through direct sales before they let market forces make FTRK a literal penny-stock.

As for your commnet about a partnership with Lockheed:

"they have a signed agreement and a press release with none other than Lockheed Martin to partner in manufacturing their space scanner"

You make it sound as if Lockheed just agreed to be partners in the manufacture and distribution of FTRK's product. In actuality, all that has happened is FTRK hired Lockheed to build something for them. Good for Lockheed, neutral for FTRK in my opinion. If I hired Boeing to build some planes to my specifications, that wouldn't make me Boeing's partner, but their customer. So big deal...FTRK is Lockheed's customer. If you have an explanation why this is a bullish event for FTRK, please state it on your thread...I'll check it for a couple days. Apparantly, the market wasn't exactly overwhelmed by the PR FTRK put out. Maybe your disappointment in this fact is why you've gone back to thrusting FTRK into the faces of people not at all interested in an iffy BB stock.
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