SI
SI
discoversearch

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 : Firstwave Technologies, Inc. (FSTW) -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (1157)6/16/1998 6:12:00 PM
From: Brett Nelson  Read Replies (1) | Respond to of 1205
 
Roger - Perhaps investors have grown impatient with the stock's inability to break out. I have been a bit frustrated myself. After all, everything even remotely associated with the Web is going through the roof. Yet, FSTW with "the first Web application to fully integrate sales, marketing and customer service" is going down. I can't see how this is portending good news.

I noticed that most of the sales have been 5K shares+ suggesting that someone is possibly unwinding a long position in the stock. With no buying support, as you mentioned, it's easy to beat up this stock (the sale of 6K shares today dropped FSTW from 4 5/8 to 4 1/4.

Let's hope something happens soon.