To: dharampal luthra who wrote (14688 ) 11/18/1999 2:23:00 AM From: dharampal luthra Read Replies (1) | Respond to of 15313
LURKERS CORNER: send messages to pal@pacbell.net ----------------------------------- N. writes: JW@KSC People trash FNTN because the company isn't making progress, and its stock price reflects that. Shareholders have lost upwards of 90% of their investment. Unlike you, some shareholders don't have the luxury of making up their losses with other winners. Even if they had a bunch of winners in their portfolio to offset FNTN, it's irrelevant. The fact is that FNTN is not performing. If this pos goes down to 3 cents and people lose nearly all of their investment, do you think they will have the balls to buy another $5K worth of this sh*t? Why the heck should they? If the company had any promise, its stock wouldn't go down to 3 cents. Of course you can come up with some examples of a stock going close to 0 and then recovering, but it's probably not the norm. If a stock price goes down the toilet, it usually means the company is in serious trouble. Red flags should be waving. It shows that management is inept, and the company has no future. -------- FNTN Chart Update 09:55 11-16-99 For those who like to follow my Chart. Looking at the chart on Oct 11th, the same is possible with today's (11-16) volume doubling yesterdays volume. Anyone own ANCR Ancor Communications Inc.? Pioneers in Fiber Channel I first purchased ANCR in 1996 at $4., Selling in May 96 @ $32, loaded up at $1 1/32 in Aug. 98 Current Price $62 5/8 Rising $40. in the last month. Moral Knowing a Stocks Potential and Patience until a stock is recognized for it's true value. Beat on FNTN all you want, Tear Management apart for not living up to your short term expectations. Time, is on my side. JW@KSC ---------------------------------- T. writes : TRUTH CORNER........... Proverbs 16:24 Pleasant words are like a honeycomb, Sweetness to the soul and health to the bones. FNTN Chaplain..... Hang in there, Don. We're going to make it. -----------------------------------