To: Lee Bush who wrote (32347 ) 4/20/1998 12:01:00 PM From: VALUESPEC Respond to of 41046
Lee, I agree with your assessement. The report does give the impression that significant steps are being made toward the FNET IPO becoming a reality, though it does seem a little backwards. I would have expected the underwritter to be announced, followed by who the head would be. In any case, this news should keep FTEL above $3.00. Was this the news that was expected to come out by May 3rd? I decided to gamble with a few more shares of FTEL and bought a few more. My portfolio is up 50% more, or 150% since Jan 1. I did that by holding a good amount of Cendant (CD) and by SKYC rising $ 1, and being fully margined. I expect to be up 200% by July 31st, but who knows. I'm not sure why I'm playing with FTEL. Maybe it is because you guys are so bullish on FTEL. Or maybe it is the fact that the price has been holding $ 3.00, so I feel I have a likely low so I can take more of a chance with this story stock. I may do some more detailed research on FTEL. I want to determine what the chance is of the FNET IPO actually happening. If I was pretty sure the IPO would take place, then I'd feel pretty good about holding FTEL (at this time I feel like I'm gambling). I also would like to find out more about the product and what independent sources say about it (face to face, or on the phone). I'd also like to demo the product. I'm not sure when/if I will actually start this more detailed investigation, but I am now interested enough to think about it again. FTEL: $ 3.31b $ 3.37a vol 49,000 CD: $ 23.37b $ 23.44a gapped up $ 2.00 SKYC: $ 10.81b $ 11.00a VALUESPEC "still not a believer, but intending to look deeper" "I still don't expect a storm of sales by June 30, 1998, as many used to expect"valuespec.com