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


To: TEDennis who wrote (2012)4/18/2000 8:34:00 AM
From: Oeconomicus  Read Replies (1) | Respond to of 9677
 
TED,

No whining!

Wouldn't the "smart money", if "they" have been bailing, have bailed weeks ago in the teens? Wouldn't it be the dumb money they were selling to in the teens that is bailing now? After margin calls perhaps?

BTW, I could kick myself for not taking advantage of the run, but I'm not whining. My view was simply that, for a company with a competitive product in this space, the valuation was far from outrageous. Now, it is back to near startup valuations again - for a company several versions into a suite of products. Unfortunately, unlike many startups, FSTW has to prove it can sell before we will see the valuations much higher. I never expected it to get into the teens, and certainly not over $20, without bigger sales numbers. Of course, that should have been reason enough to sell some. Easy come, easy go.

In any case, I'm still in the black vs my avg cost and bought some more yesterday at the close. I'm just glad I'm not leveraged.

Now, to the other Roger who asked who had looked at or used the products - I haven't personally used Netgain, but the sales and marketing organization in my company is in the process of evaluating eCRM solutions and the initial feedback favors Netgain. Just one data point.

Regards,
Bob