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

To: Howard Kirk who wrote (30899)	3/24/1998 11:48:00 AM
From: Gary R. Owens	Read Replies (2) \| Respond to of 41046

FWIW I just sent an e-mail to our PR firm letting them know about the mention and suggesting that they check the accuracy of what was reported. p.s. The Mrs. is not happy with me, could someone buy about 1,000,000 shares so I can give her some good news? <gg> gary

To: Howard Kirk who wrote (30899)	3/24/1998 11:58:00 AM
From: VALUESPEC	Respond to of 41046

Howard, you may be making a rookie mistake. Rather than thinking of the price you will sell a stock WHEN/IF it goes up, I would suggest the price you will sell WHEN/IF it continues to go down. For instance, FTEL is at $ 3.53b now. Do you think it will go to $3.25 on the bid? How about $ 3.00 on the bid? If you don't think it should hit $ 3.00b, then you should sell it when that price is hit. Often, people lose large sums of money by waiting for the stock to go up while it continues to fall. I'm not saying FTEL will continue to fall, but if it does, what will you do? I ask myself the same question will all the stocks I buy. The larger the position you have in a stock, the more important it is that you have a solid answer to that question. Of course, even small position can mount to significant loses if let to run wild to the negative side. Just some thoughts, perhaps, not so much for you since I don't know how experienced you are, but for those who may not have as much experience. VALUESPEC