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Technology Stocks : FirstWave Technologies (FSTW)
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To: Oeconomicus who wrote (1071)4/27/1999 11:27:00 AM
From: Shege Dambanza  Read Replies (3) of 9677
 
Once again you have (wilfully or otherwise) missed the point. A small company doesn't need title-conscious execs. Once you have a mindset that focuses on title, it's a small step to "it's not my job, I'm too high-ranking to do this". In successful companies there is a great focus on getting things done, not on titles.

Regarding the calculations, my point is that even a small gain in FSTW stock gets the preferred stockholders a load of money, while many of you (with an average cost basis of ~$5) will still be in the red.

To other people who seem to think that compliments have increased my posting rate: grow up.

Since many people here think this dog will turn around in "...the long term...", let's take a poll on where the stock price will be. My favorite person (Mike M) seems to think that 1-2 quarters will decide the future, which gives us a date of late October.

I know it doesn't make sense to do this for such a thinly traded stock (subject to manipulation), but my assessment of stock price on Nov 1, 1999:
Probability of stock price < $1: 10%
Probability of stock price < $2: 40%
Probability of stock price < $3: 70%
Probability of stock price < $4: 80%
Probability of stock price < $5: 90%
Probability of stock price < $6: 99%

Anyone else wanna take a stab? Mike M? Buddy? RD? Too bad Roger can't play.
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