I bought into FSTW yesterday, Monday. First time I ever moved the ask (from 4 3/8 to 4 7/16) with one of my orders, LOL--and it was a small purchase.
I've been watching this thing for a while, lurking, kind of following the story. I'll add more to my position if and when FSTW hits milestones and shows momentum.
Reasons for buying:
1. New web-based SFA product with good reviews.
2. Internet mania: FSTW appears well positioned to take advantage of the next wave in internet stocks. Maybe the symbol should be NXTW.
3. Keane on board (literally), endorsement by AnswerThink, and other good stuff like this.
4. Insider buying. Small but significant purchases. This is quite bullish IMHO.
5. This board, which has Roger, who thinks this may have a long way (up) to go; Amsterdam, who kinda sits on the fence; and Shege, who yawns at any good news and rhapsodizes over any shortcoming. Not to mention the other characters ...
6. It's a microcap, and it's about time for a microcap rally.
Worries:
1. I don't know that much about this area. I certainly don't have any first-hand experience as Roger, Amsterdam, Shege, and others do. Come to think of it, I don't really have much second hand knowledge either.
2. Internet hysteria. The "primary" internet stocks (YHOO is up 8 1/2 as I write) are out of control and due for a dive, sometime, a la biotech stocks in 93. Any company with the word "internet" in a PR could go splat. It's a real possibility (although the internet will grow and grow and is not comparable to biotech in terms of risk). If that happens, the smallcaps in the area will go down even harder.
3. No revenues from NetGain yet. Good product, where's the marketing? Beta tests aren't even done yet. So this is still a story stock. I've made and lost a lot with such in the past.
4. It's a microcap, and it's been time for these to move up forever. Forever is a long time to wait.
Wade
PS: Roger, I listened to the RealAudio interview with MacIntyre at Firstwave's web site; it sure sounds canned and stilted.
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