Larrie & all: How cold can it get in April for us all. True, the stock droppings>ggg are due to alot of factors over the last 12 months. When insiders were selling late last year on the way up, (not a good sign), stock wasn't stable. When conversions by meyerson came (they could care less about listing, (still going on? When mid-size alliances could have possibly been formed but weren't. Along with that, Swartz could possibly not be the happiest of funds and their day for selling off is coming soon.......its definitely not the best of times at Franklin.
My take, and yes hind-sight is 20/20, lends me to believe that going after 1 big fish could be alot riskier.
You may head out to sea watching your radar screen and see that possibly heading out further will land you the biggest of fish.
You decide to pass up that huge school of smaller fish as your eye focuses in on the big one. Will it be worth it? hmmmmm!
My, my.....what's that thingy about two birds in a bush? ggg
Here's a few thoughts from Mike N> a shareholder since .85c
I actually think it is good that we are taking this plunge from a long
term perspective. For the longest time now, I've thought we needed to
get very close to $2.50 (and maybe up to .25 less) before we start
another major run like the previous two we saw that made it to about
the 5.75 and 10.50 areas. This was just based on a clear pattern on
the monthly chart. Despite weeks of false hopes of any-day-now and
something-BIG-is-just-around-the-corner, the chart had an unstoppable
need to repeat history and maintain the pattern. No matter what the
reason...very slow execution of business plan by ftel causing the
impact of any news to be reduced just because they were widespread to
the point that too much anxiety built up in between or stumbling on
such matters as NASDAQ or just Meyerson dumping shares. This has
played out to be the stock price's destiny as foretold by the monthly
chart.
And this is great, because since the long-term (6-7 month) bottom base
is being approached (and maybe touched), we can start off very clean
and secure on the impending major trend change. Confidence will be
strong that any significant movement upwards is not just a short-term
movement (like January's jump from 4 to 7.75), but rather, a sign of
solid momentum which should quickly and easily break through into
double digits within a matter of weeks. And since the chart has
maintained its historical pattern to the downside trend, if major news
can be released in a timely fashion in the nearing future, the
likelihood of investors to jump on the band wagon will be great since
they will look for a repeat of the type of major breakthrough which
occurred in the past based on the price's technical predictability.
Look for a series of major news items to be released soon (before
June). Like it really didn't matter what reason(s) caused the long
downtrend, the same is true for the impending uptrend, something will
come and and cause it to happen because it is the will of the current
cycle...a cycle which will be like a self fulfilling prophesy because
psychologically, the street will feed on it like a pack of hungry
piranhas. It will probably start with a nice release of something
like the excellent progress of the DVG wcom 12 site install which will
probably cause a jump to a plateau, but what should probably cause the
major breakthrough from the already established momentum in the
positive direction is news to the effect that a large capital investor
has signed to back FNET.
The only thing to look out for at that point is the possibility of a
crash to lower levels and a return to another long-term downtrend if
this next sequence of events does not change the price's overall
pattern and the street's perception of the company's prospects. The
street has not given FTEL/FNET the benefit of the doubt on its story.
At each major milestone, the street retreats to check the company's
progress and make it prove it is worthy of next level before rewarding
the stock price. Three things would most likely change the street's
attitude and perhaps break the historical trend....1. A functioning IT
network using DVG's, 2. A very large capital investor, 3. A major
exchange listing. The company dropped the ball on #3, its now time
for #'s 1 and 2.
Believe it or not,
Mike
Su-ey! Su-ey!
Stay tuned for my next explanation..."How the Grand Canyon was created
from a tiny stream". |
