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


To: TEDennis who wrote (2014)4/19/2000 12:54:00 AM
From: Mike M  Read Replies (1) | Respond to of 9677
 
TED, I would like to have a couple trades back but I have to admit that I feel pretty good about the run to 23. I turned some 2,3 and 4 stock into 14,16, and 19 1/2. I held on to the core position but boxed it (too low) when it was obvious things were sliding. Closed the short today at 4. I hope that wasn't premature.

I am not very happy with the complete slide but have to admit I am ready to load up again.

I suspect FSTW was a victim of margin selling to an extent. Insider trading may also have contributed to undermining confidence in the company during the general debacle. I still believe that the revenue growth will be substantial and eventually will lead the company to higher highs.

My willingness to sell recently was due to the volatile nature of the run up. But if one thought it was volatile up, the ride down was even more impressive.

Keep the faith!