Great article on FLNK
Great find Walter, please see my post from Raging Bull posted below for those few who visit SI site here
FLNK is getting a lot of very bad press here and there are always two sides to a story.
It has been my unpleasant experience to learn the hard way that these message boards are mostly "hype", and there is usually a hidden reason which dictates much of what you read on these boards.
For example, GLOW had the worst news you could image for weeks and weeks, (the ceo and other principals ran off with the company funds and the gambling sites were not paying the winners etc. etc.) and the stock fell from my position of .25 to .14 or less as I remember... and there was NO hope of anything less than complete failure.
I sold GLOW at around .15 and took a BIG loss and decided that it was better than letting it slowly go down to nothing. Well, today, a few weeks later GLOW is trading at .22, up 22% for the day and gee, where did all that bad news go???
SNMM was just sitting there when I had it at $2.00 and it was going no where for weeks and weeks and the news was that the presidential report would outlaw gambling on the net, and since they owned porn sites as well as internet gambling, it was a double liability and no serious investor would put real money into them. Well, today, a few weeks later, SNMM is trading at 12!!!!
FLNK is being hit with almost TOO much bad news. It makes me suspicious and it makes me wonder if I am going to once again fall for the obvious. I mean, who can stay with a company whose leader participated in TWO!!! death spirals, and who bought useless companies which he already owned, etc etc (if you are to believe the posts on these boards).
Personally, I think we will hear good news very soon about the next significant step for this company. They are deffinitely planning something right now and with thin client & citrix being the practical solution for larger companies, and with no one wanting to maintain PCs on a large scale, in-house, it is a natural for the near future.
I am going to stay with my holdings and may even buy more on dips if I have the courage and ability.
By the way, I am not always wrong with my picks. I bought CAGI at the 2 level and it is now in the 6/7 range, and SATH when it was 4 and sold it at 28 just before the "big news" Feb 10th, and so I do believe this could be another chance to see some real change. I mean, how much down side risk is there??
Interesting article on FLNK
zdnet.com
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