To: Bill France who wrote (22906 ) 12/10/1997 3:46:00 PM From: Paul Hofmann Respond to of 41046
Hi, Bill, Here's my solution for you, and all others in your frame of mind. You say: "With the MM's holding the price down, we may not be at 4 by years end. Isn't there some way the SEC can thwart these thieves? They not only steal, but mess with my mind as well....Looking for a solution...." Huh? My solution? HOLD AND FORGET ABOUT IT! Don't forget the tremendous difference between trading and investing; put another way, between short-term frustrations and long-term gains. Remember when we were up to $10.00 recently? I'll bet when we were at $2.00 few people hoped for such a rapid rise, eh? But it happened, and I'm betting will again. OK? To all: these price manipulations should only "mess with your mind" if you're in a serious cash crunch and have actually lost mega$$$s. But if not, I'd be MORE upset that I didn't have additional funds to BUY when things seem so "on sale." How I wish! I'm not worried--in truth, I'm bummed that I don't have even more money so I could purchase more cheap shares of Franklin. Let the MMs play their games; this stuff won't last forever. Again: Remember a year ago? $1.50. Remember early February at $5.81? Remember the slow, steady slide back into the $1s? Remember a few months ago at $10.50? Finally: bear in mind the end-of-year selloffs that so often occur with OTC stocks. If this stuff bothers you any of you to an inordinate degree, perhaps you shouldn't be investing in BB stocks in the first place. My opinion is that Franklin is one of those relatively rare OTC issues that holds great (meaning: realistic) appreciation long-term. So try and relax... Just my $.02, and surely nothing personal intended, Bill! We've all had our moments of doubt, I'm sure. Shalom all