To: elk who wrote (23499 ) 12/19/1997 1:56:00 PM From: Paul Hofmann Read Replies (1) | Respond to of 41046
People, people, P L E A S E ... This sort of hyper-emotive stuff continues to be REALLY frustrating for many of us out here. Admittedly, I'm only speaking for myself--but I know it's what others are thinking as well, and I have the emails to prove it. I've determined that I'm not gonna lose money on Franklin, even though the current price has recently dipped to just under my cost average. Why? Because I'm HOLDING. [Folks, say this one hundred times: Current price. Current price. Current price. etc. etc. Emphasis on "Current." Now say just the word "Current" again. And again. Now move on. Thank you!] I've lost money on a few stocks in the past, but I've never whined about it. Why? Here's why--nobody ever put a gun to my head and told me to "invest in this or that stock." I've always taken full responsibility for my personal investing decisions, and part of the on-the-spot training I've received has come from issues I've lost money on. One thing I've become better at over time has been discerning those seemingly simple (but in truth difficult at times) things like: knowing when to buy. Knowing when to sell. Knowing when to hold. Knowing when to cut and run. [Folks, say the word "When" one hundred times.] Do any of you who are whining about the current price of Franklin know what it means to see a quality product go on sale? If I could buy a Mercedes for $5,000.00 I'd surely do so! Doesn't mean the car's quality has suffered--OR that the price will be this low for long, either. Basically, what it means is that even I, Paul Hofmann with a moderate income, can purchase this great car--and probably for only a limited time--for a steal. Surely this is a good thing, not a bad thing...isn't it? Well, I guess if so many of you aren't comfortable with Franklin (meaning: if you think this company is scamming you, or if you haven't done any real DD, or whatever...who knows), you'd be upset about now. OK, I can buy that. But folks--this is the OTC:BB. This company is also a speculation. This is also the end-of-the-year tax-selling season. we know all this, correct? So what's the big deal about the current price? What should one realistically expect from an OTC stock in December? Actually, one look at Franklin's price last December makes me feel pretty good. So, perhaps a lot of this is sour grapes because people who want to make quick bucks from trading this thing now find they can't do it as easily as when the price hit $8.00, $9.00 and $10.00. Well, if so, buy back in now and plan to sell when it hits $10.00 again. You'll then reap the rewards of an almost threefold gain. This is really all too much. Stop whining already. Sorry to vent again; I'm not by nature a negative person--but I'm so tired of this stuff. I'm not "Mister know-it-all," and I used to enjoy reading contrary opinions--but enough already. Why? I know what I've invested in. Good luck to all. I'm outta this here thread. I'll keep lurking, however, and perhaps write an occasional post. My final thoughts today, and for awhile: Personal DD and logic (as opposed to emotion-based investing) will not only carry the day here, but reap mega rewards. IMHO. Shalom and OUT