FRANKLIN TELECOM (FTEL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)

FTEL 2.150

0.0%

10:02 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Daine Newman who wrote (40891)	3/7/1999 5:35:00 PM
From: Pat Garaffa	Read Replies (2) of 41046

That spike to 10 occurred over a 3 or 4 week period. It went from 2 to 10 and then took about 8 months to drop back to where it started. It is unfair to state that it "dropped" from the 10 dollar mark when, in fact, it had no business being there in the first place. I've also heard encouraging phrases such as "FTEL has lost 95%" or "at present it is down 70%"! Sounds like a great investment huh? "Corrected" is a more accurate term in that it ran up way too quickly and was overpriced at 10 dollars. DELL has the same problem right now. It has been moving up very nicely since the October NAZDAQ correction. About a month ago it took off like a bat out of hell and jumped about 5 bucks a day for a week. It went from 80 to 110 in less than 10 days. Then earnings came out and it corrected to 76 and then recovered to the 80-85 range where it was only a month prior. The analysts all say it "dropped" from the 110 range and lost 25%. When in fact it was way overpriced at 110 and people were buying in anticipation of an incredible earnings report and anticipated split. The earnings were great, but not as great as some expected so down she went. They got their wish and it split on Friday - now it's a wait and see. Is it fair to say DELL is a looser? Fact remains: If you bought in the beginning of the year, you would be up 15% right now and that's still better than the averages. Same holds true for FTEL. Some bought during that run to 10 and they may still be in the red. Others bought a month before that run and they're up 50%. It's not an AOL or A YHOO, but a gain sure beats a loss in my book. And then there are those that backed up the truck in October of 98 and loaded up on FTEL. They're up 6 fold right now. Wish I was one of them. In the case of FTEL, the drop from ten wasn't the problem - it was the quick spike to 10 that caused all the grief. Everyone cheers when it jumps to 10 and screams foul when it falls. Does anyone really think it had the ability to sustain that price at that time? Today yes - 18 months ago - fergetabout it! It was a fluke and I wish I had sold. I would have bought 4 times as much went it corrected back to where it should have been all along. This company is going up with or without your 100 shares. You might as well go along for the ride. I hope you stay. Pat

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next