FRANKLIN TELECOM (FTEL) Message Board

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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 0.812

+6.9%

Nov 26 3:59 PM EST

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To: Ward W. Ward who wrote (36378)	7/18/1998 1:11:00 PM
From: sammaster	of 41046

i sold a portion of my ftel holdings this week between 2.125 and 2.25 although this is an excellent stock for the long term with great management and great product this is the reason i sold.. i bot a lot at around 5.75...if i sell now i sort of make a 50% profit in ftel... here's how i'm in 30% tax bracket...loss of 5.75-2.25 per share = 3.5 if i sell i can take a tax loss to cancel out my gains from other stocks for the year so 30% of 3.5 is about a $1 add this to current ftel price of 2 + 1 = 3 which is 50% gain in a convoluted way. This also means that if i buy back ftel at anything under $3 after a month to avoid wash rule i made money on transaction. and if price goes down or stays same i can buy back in and i will have same # of shares and a tax loss so i win even more. i guess this is convoluted logic and banks on the price not moving too much higher within a month. i suppose that these quarters revs won't be too high and the ramp up costs will be high so there will be high losses...it seems as if the street wants to see revenues before they move this stock up so i did do DD and read the excellent DD by the posters on this thread...and that is the reason i am selling if u wondering who would be selling sorry for the long post if u see a small buy spike in a month that would be me..hehehe samir

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