Mark, your calculations are wrong. I said if you were MARGINED as I was, you would have made more than 300%. Do your calculations over using 100% margin on CD from $ 6.50 to $ 20.00. You will see I was actually conservative.
Regarding my purchases of CD, the first time I ever bought or recommended CD it was $ 19.00 right after the first drop. I sold most after it kept behaving poorly after going as high as $ 25 (I sold at $22). I then took a very aggressive position @ $ 15.42 and suffered great loss as it fell pathetically to $ 6.50. I continue to hold an aggressive position even to this day . . . And my portfolio is up nicely, overall, since Jan 1, 1998.
FTEL, on the other hand, has continued to behave as I expected. I don't expect the most recent quarter to be announced to be better than the last one that was announced. I expect revenues to be down as last quarter included revenues from DVG's that I do not expect to be repeated. That should pop the revenue bubble, IMO.
If you look at FTEL's past, they have had one big quarter for one extraordinary reason or another. Then, later, they had low quarters. We'll see if history repeats itself, again.
Maybe I will ultimately be proven wrong about FTEL. If that is so, I may even buy some. If I pay up to $ 6.00 per share, I will be no worse off than those who paid $ 6.00 or more some time ago.
The GTE deal, sounds good, but what will it really mean for FTEL? What have other "good-sounding" deals done for FTEL? With many companies one should not look at what is said, but, rather, what is not said.
Many companies like to name-drop. Few produce the desired results.
FTEL: .98
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