To: William Harvey (39276 )
From: VALUESPEC Tuesday, Nov 17 1998 9:45AM ET
Reply # of 39315
William Harvey, I believe you are wrong about the run-up in FTEL's price
prior to the Intrine order announcement not being related to the Intrine
announcement itself.
Don't stocks often rise before big (& big sounding) news is announced?
In valuespec.com, I documented the rise in FTEL's price to the timing of
the announcement. The stock climaxed right around the time of the
Intrine news.
Based on FTEL's history at the time, I questioned the impact and nature
of the Intrine order to some scoffing on this thread. As it turned out,
I was right in that regard, too.
I don't expect this company to ever be profitable, based on its past
history.
(heres the good part)
I expect bigger loses this quarter ending December 31, 1998, with lower
revenues than the quarter ended September 30, 1998.
(woops, wrong again, VS)
FTEL: $ .82
VALUESPEC |
