Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : FASTCOMM (FSCX)...UP, UP, & AWAY!!! -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (144)	3/27/1998 9:15:00 AM
From: Rick Smith	Read Replies (1) \| Respond to of 173

Starpopper and All: I think we're all sending some mixed signals here. We've got a boat load of trouble here. Anyone can see that. The company is on the ropes and only the devil himself (Madsen) can pull this thing out of the hole that they have dug. I think a lot of what I see, and for that matter post myself, comes from the high level of frustration that we all seem to feel right now. FSCX's sales team sort of reminds me of the Bad News Bears movie from years ago. At some point they are going to have to take some action to prove to Wall St. that they can make it. Madsen's industry connections have helped them get some important leads, re-seller agreements, and contracts. The time for them to force those agreements into hard currency is now. And this lawsuit has to go away. The plaintiff is going to have to make a choice. It's in his best interest to settle this thing and get get something out of the judgement. His attorney also should have this mind set as I expect he won't be seeing any money if there is no money to see. I'm not buying any here. But I won't be selling any either. I'm content to wait it out and see what happens next. Good Luck to All. R..

To: Bill who wrote (144)	3/27/1998 3:23:00 PM
From: starpopper	Read Replies (1) \| Respond to of 173

You're quite correct Rick...a month ago I thought the price was too low so I bought at $2.25, then after a runup to the mid $3 I decided to realize my 46% gain because of the uncertainty surrounding FSCX. Thank God I did because shortly afterwards they reported those ugly numbers and the stock dropped like a rock! I have been waffling lately, but I think everyone is a little confused right now! I would hope, like you do, that Madsen and crew wouldn't be buyers at $4-$6 if they had anticipated what was going to happen, but that is the point...they are not very good at anticipating effects of their actions on the stock price, nor are they very good at anticipating the demands and direction of their industry! Taking Buffett's philosophy, if all variables are the same, but the price has dropped, then buy more...the only problem with that is that the variables have changed dramatically and I don't want to end up with worthless certificates! Having said all that, I'm still thinking of trying to take advantage of the ambiguity in FSCX to make another quick double digit trade! Star