I, too, have considered the possibility that FTEL's price will be elevated by the release of the audit. Primarily because, though none of us know the exact numbers, nearly everybody seems to understand that there will be a lot of red ink for the past 3 years, but very good November figures. Since the November number should mean a lot more than the earlier numbers, it seems that it *should* be seen as positive news from FTEL.
However, in my short time playing the market, it's become painfully obvious that stocks often drop more than they should on anything that seems only slightly negative, only to later rebound when cooler heads prevail (and take advantage of the Nervous Nellies). I'm picturing people selling upon seeing the overall negative numbers in the audit, then later buying when they finally realize it wasn't so bad.
Of course, with such a small number of shareholders (there were 403 shareholders of record when I did my DD a few weeks back), and so many of those apparently keeping themselves well-informed via SI and other sources, I'd have to think there's a good chance FTEL won't do the typical drop-then-bounce the expected audit results would cause most other companies to do.
Personally, I like to see my portfolio grow in value nearly every day, so I really hope not to see a drop. Especially since FTEL is now 40% of my portfolio (it's a small portfolio, folks). On the other hand, I'm ready to buy more, and would really like it if I can try to skillfully (HA!) nail the lowest price at which I can get it.
I don't see the Cyclone as being capable of dragging this company down, however, I'm a bit concerned about it. Didn't they unleash some other piece of hardware earlier this year, and not do any good with it? I'm thinking I even saw the word "debacle" associated with it at some point.
That last question notwithstanding, consider me extremely bullish on this company. They're my favorite for '97. |
