Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sweet Ol who wrote (6955)	12/3/2002 11:36:41 PM
From: McNabb Brothers	Respond to of 9677

John, The trend is your friend and right now the trend in FSTW is up. You are right it can have a pull back as you say and the trend can still be up over the longer run with the kind of pull back you are talking about. What I think Bob and Terry think is that FSTW has gone up for no reason and it is over priced until it falls back to the $8 level or lower. I can see from a FA point of view FSTW having a 20 PE, which case should trade at about $18.00 and I figure after this quarter the earnings will be $1.05 to $1.15 which could mean a price of $21 to $24 a share. If the sales start back in an uptrend this quarter as I think they will and earnings increase as well, then we will begin to see the PE expand and over the next few quarters next year could see an expansion to the 25 to 30 level! Then you will see FSTW stock really begin to perform! Hank