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Technology Stocks : Fonix:Voice Recognition Product (FONX) -- Ignore unavailable to you. Want to Upgrade?

To: cdtejuan who wrote (2315)	7/17/1999 10:49:00 AM
From: Randy McCubbin	Respond to of 3347

juan, What I'm saying is, if you put 1K in Fonx at say .50 per share (and I do think we'll see .50 again before we see a buck) for a total of 2000 shares your lose can only be the l000.00. Of course this is obvious. But the point I'm really making is that I believe the technology is real. We know that the company has cash flow problems. Now, can FONX bring this technology to market before they go bankrupt? If they can, I don't think I have to tell you the upside potential. Regards, RandyMac

To: cdtejuan who wrote (2315)	7/17/1999 12:04:00 PM
From: Nancy McKinney	Read Replies (2) \| Respond to of 3347

Juan, Your friend's comment that only revenue-producing deals will help the share price is not completely true. For example, if you look at the long-term chart for Foster Wheeler Corp., (FWC), you can see that in 1949, their earnings were 6.62 and the stock price was in the 15 range. In 1957, the earnings were in negative territory at MINUS 1.39, and the stock price was at a high of 66. Does this make sense? If you are a fundamentalist, please explain this to me. This is not an isolated case. Happens all the time. In 1960, when the earnings were back in postive territory, at 4.32, the stock price dropped to 25. Does this make sense? When earnings came out this year for IBM, and they were fantastic, why did the stock price drop? My point is that the psychology of the market does not always make sense, and anyone who reads it by sensible rules will often make mistakes. WHat does make sense is this, Buy low, sell high. If Fonx were trading at 18, given all that you say about mismanagement, and you bought at .75, would you care about the mismanaged finances, or that the insiders paid themselves too much at the expense of the shareholders? The bottom line is profits. You want to make profit on your investment. Nancy