GZ,
There is nothing concrete to sustain the value of this stock at the moment. We all know this. It's nice to see it fluxuate between the
$4-$6 range, but, really, there is no current reason for that valuation. So, when people constantly ask about $5 support level,
I can't imagine, other than just pie in the sky thinking, why they
think it will stabilize there.
Lot's of folks are seeing this Bull market start to blast off and
are jumping into momentum stocks, while keeping an eye on the ones--like FTEL-- that are stuck in the Sargasso Sea of the market.
I believe all of us that are long on FTEL believe the following:
> 1) one medium sized sale of DVGs will blast this stock off the
launching pad;
2) this could happen at any hour of the day;
3) strategic alliances announcements will blast this puppy off,
these could happen at any day;
So, here we are, each and every person long in the stock knows to the
core of his/her bones that Internet Telephony is as big a revolution
as the computer was in the early 80's. Furthermore, each and everyone
believes that FTEL has the product to make it huge---we're all looking
for the20 bagger over the next five years as opposed to 3 baggers we could have with LU, CISCO and others.
IT'S A MATTER OF FAITH.
And frankly, I really don't give a rip whether or not this stock sinks
to $2 or not.....I BELIEVE, that we will see announcements of product
deployment and strategic alliances that could overnight give FTEL a
run that would be dizzying. Oh, let's not forget one of the most import aspects of FTEL.....the small float!
So, yes, Mr. Valuspec and DeSousa are spot on when they say that FTEL
is way over valued. DUH! (Couple of rocket scientists).
Lew |
