>>Now for the question... What are your opinions on today's FTEL market activity? I thought the President's message the other day was very encouraging and should have helped the price. I must be missing something. No flames, ya buts etc. Judith, if you have some
thoughts I would like to hear them. Thanks. CAP<<
As best as I can see, the pressure we are experiencing may be due to the warrants, I am not sure, today volume was higher (276,800),
than yesterday that was at around 125,000 +/-.
Based on a daily chart:
Today, we closed at ($3.687) We have gone through support ($3.905), next level is ($3.163), very possible that we will hit it.
As I indicated earlier (yesterday?), the DMI is showing a downtrend (as of 2/5/98) and today's low seems to reinforce this. In addition, the ADX line is rising, which also gives strength to the downtrend.
I am beginning to be convinced that there is a degree of panic selling, by some, along the sales of the warrants (of the warrants part is mere speculation in my part).
In spite of good news, selling seems to continue, my take is that yes, the market has discounted most of the "minor" type of news, we need a home-run (bases loaded please!) type of release.
I will say it again, please listen: All of the above gibberish could be rendered irrelevant if a good release of news comes out.
Using a little bit of logic (a scarce commodity around these places),
the fact that the shareholders meetings is close at hand, tells me that management may be holding on to a big news event.
It seems to make sense to make a big announcement at such time, again this is mere speculation on my part.
To me, there is an overwhelming number of evidence (the fundamental type), that tells me FTEL is in fine shape. However, THIS IS MY OPINION ONLY, and I AM NOT A GURU OF ANY SORT, I simply read.
For your interest, I will relate a couple of experiences I have had with ZOLT (3 times) and RSYS (2 times). In both instances, these stocks seem to get selling pressure prior to a big announcement that rockets them substantially higher. Why? I do not seem to have a clear idea, all I can do is follow patterns and make my best effort at interpreting what is happening.
With RSYS, the play has been harder, because I assume the float to be smaller, and I know that management has been frustrated with this, but I do not have a clear idea why that is.
I am willing to say that FTEL is suffering of the same fate.
What everyone needs to understand is that in stead of coming to this thread looking for the "holly grail" (whatever that may mean), you need to establish a system and a plan to invest.
There is not a "common off the shelf" plan to apply, everybody is different. Everyone has to do his or her own design.
I feel comfortable holding to what I have in FTEL, seeing it go down and at the same time, coming to this board to have some fun, I have to say that I do enjoy it, particularly the wit battles with those that can take it. It truly has become a fun game for me.
For those sour asses that think that this is the "Fountain of Knowledge" that will make them rich, you are sadly mistaken, investing is hard work and indeed high risk, particularly penny-stocks.
Who knows! It may be that I am terribly flawed in my thinking and analysis and next I will be lucky if I can sell FTEL for $.50.... Scary, is it not?
However, sadly to say, it can happen.
To put this in perspective so some can understand it, imagine that you are going to school to train yourself to play soccer, and indeed, you learn it. Now, they say that soccer is a gentlemen sport for roughs.
You learn to become a gentleman... good. This is investing in the NYSE.
Now when you finish and get your diploma, they say go play, and you do, except when you get to the field, EVERYBODY IS DRESS UP TO PLAY RUGBY... (Not a happy thought eh?).
Just like investing in penny stocks.
What do they say about Rugby? It is a rough game for gentlemen. Now think about this one, not only about how rough it is about to get.
Generally speaking (apologies to those poor people who are indeed gentlemen), one of the characteristics of being a gentlemen, is that you are filthy rich, what does that mean? In short, it means that if you lose your entire investment, you go to the bank, write another check and you go to the next RUGBY game...
So if the above answer is not good enough, or it does not satisfy you, then I have no idea what will.
And, as usual, I will say, that I could be wrong, if you do not believe me, you can ask Gentleman Jack Sman, he knows.
>>To: +x y zebra (27749 )
From: +M. Marquette
Wednesday, Feb 11 1998 3:50PM EST
Reply # of 27787
Any ideas on what's happening today?
When and where is shareholders meeting?<<
1. See above.
2. I believe it is February 27, at the Westlake Village Hyatt, but confirm with Ms. Helen West @ Franklin. |
