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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?

To: GregS who wrote (1336)	7/19/1999 10:26:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 9677

Greg, just because you don't understand it, that doesn't make it "babbling". If you would objectively read what I wrote, you would see that I said nothing about growth of revenues in an historical sense. I did note that the P/S ratio was so low because they have not delivered, leading investors to abandon the stock. Pardon me if that was not a strong enough acknowledgement of weak results to suit your preferences. What I was speaking of, rather than past results, was a potential shift in perceptions of the company's competitive position and expectations of future results. I also made NO predictions about future results, but simply suggested that, should this be an indication of things to come and the company actually does start to deliver, then the upside potential is huge. My objective was to show that shorting based solely on a one day percentage move, without considering the underlying valuation of the business relative to its industry both before and after the move, can be very dangerous. Perhaps even foolish. BTW, in case you don't know, the price-to-sales ratio is a fairly common means of measuring the relative valuations of businesses of all types (with the obvious exception of the many Internuts which have no meaningful sales).

To: GregS who wrote (1336)	7/19/1999 10:35:00 PM
From: McNabb Brothers	Respond to of 9677

GregS, I'm not going to get in a fight with you or anyone else on SI, but You seem to read more into peoples post than should be. You seemed to put words in my mouth earlier about FSTW going to $4 again which it may and it may not, but I did not say either way. Now you take Bob's words and and come up with something totally different then what he was saying. I know Bob's posting from way far back and saw a very different post than you. Do not get mad at me, but try to see both sides of the story. I know or at least think you are short FSTW and I thank you for that, for I'm not the usual long that gets mad when someone blast me for being long. Both longs and shorts make money, for I do short myself, but I realize both are very important for the markets. Hank