To: AD who wrote (1266 ) 7/21/1998 11:07:00 PM From: Ruyi Read Replies (1) | Respond to
AD: I've owned FRX for over two plus years,during that time I've seen all the tricks by longs and shorts alike. Longs pulling bids and putting up phoney offers during times of uncertainty to drop price then spend days / weeks accumulating at the expense of less informed investors. If I had a buck for every time there was a 10 to 20 cent spread with the same amount on both sides, I 'd be rich, like who's that stubborn.This happened last few trading days as always. I think the longs are very well informed about the company and taking advantage of every opportunity to squeeze stock out. Last summer even after there was a re adjustment of franchise revenue the stock moved back to $20.00 from $8.00. Computer Ass. earnings report today sums it all up for companies like Forecross. Y2K remediation now only place for companies to go, another report I read to day stated that companies will have spent only 50% of current y2k budgets by 2000. Remember longs, FRX with a low float , small short position, and few if any day traders (Canadians getting whacked by dollar exchange) we can be our own worst enemy, if we are not careful. If Zitel can have a 150 mil. market cap. based on future potential FRX deserves that or better. It's always interesting to see how this stock drops on nothing for shares then the buyers come in and buy good size blocks, this is typical of VSE stocks before run ups. I owned one last year that dropped for several days on low volume, I sold, the very next day it went up 4 fold, VSE shops been buying on weakness lately and haven't sold any for a long time. Lets not shot ourselves in the foot out of short term frustration.The company has never looked better from a business perspective.IMO
