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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: Ward W. Ward who wrote (25189)	1/15/1998 8:13:00 AM
From: VALUESPEC	Read Replies (3) \| Respond to of 41046

<<His first post on the board was to call FTEL another RACE which is absolutly not the case. He hasn't offered one piece of information that is not already known here or that hasn't been completly discussed already.>> Ward, were you discusing the similarities between RACE and FTEL before I appeared on this board? Did I just make a statement about FTEL being like RACE and not back it up specifically with the similarities I saw? My first post said this: <<This company reminds me of RACE>> The link to that is: Message 3157831 The next day I elaborated why FTEL reminded me of RACE as follows: <<These stocks can often fly for a while based on investor ignorance. Take a look a RACE, for instance. It was up in the $ 20's and is now in the low $ 3's. To me, FTEL sounds almost exactly like FTEL. Why? RACE has a revolutionary communicatons product RACE has "mulit-billion" dollar companies marketing its product RACE's old product line is diminishing. RACE has the BE THERE ! product that hasn't had singnificant sales RACE has a very active SI thread RACE has had equity financing that wasn't favorable Maybe FTEL is different. Maybe the product will eventually sell really well. Who knows? Anything can happen. You could buy a lottery ticket and win on your first attempt.>> The link to that post: <<https://www.siliconinvestor.com/readmsg.aspx?msgid=3164659>> I've given my reasons why I think RACE and FTEL are similar. Wouldn't it be most constructive if you told me why they aren't if you don't agree? If you don't actually know RACE well enough to give a somewhat detailed opinion, why are you arguing with me? Again, what have I said that wasn't true? Again, I'm not here to just attack FTEL, but I am bringing out views which are contrary to the view held by most on this thread. What I say won't stop FTEL stock from rising, unless it is in a Really fragile state. At this time, I have no opinion on the Price of FTEL, except to say that I'd make sure I sold it if it fell to at least $ 4.50b per share. I'd probably sell if it fell to $ 5.00b, assuming I really believed in it. FTEL is really pushing its story right now. It is hard to say how high it can rise on hype. I say hype because, so far, I haven't seen what I consider proof that significant sales are beginning to materialize. It is usually best to invest in story-stocks like this After significant sales are demonstrated. You may pay more, but if you avoid big losses, you'll probably outperform the market. Of course, you'll have big losses if FTEL never performs, and you keep holding this "story stock". Most people focus on what they can get for a stock, or where they will sell a stock with the emphasis on a higher price. I always try to caution my friends who dabble in small caps, that the important emphasis is on the down-side. In other words, Risk management. That is akin to saying, "a strong defense is a strong offense". Sometimes a reckless offense will win the war (buying FTEL and not having a stop at any price?), but a great defense wins the most often. By using mental stops (or acutal if you don't trust yourself) to determine where you will cut your losses, you can save yourself a lot of grief. As simple as that strategy is, most don't master it. Another investing principle I try to use is: Buy at the low end of normal trading ranges, rather than the high. Buy when eveyone is selling and sell, perhaps, when everyone is buying. Stock are manic and depressive. Often they are high-priced, and often they are low-priced. Why buy when they are high-priced and then have to hold the stock through it low trading range at a loss? I also look for good stories, and FTEL would have one if I liked the past press releases, saw some results, etc. VALUESPEC valuespec.com