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.

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

To: SG who wrote (37884)	9/22/1998 8:36:00 AM
From: William Harvey	Respond to of 41046

Scott, The flip side of hard numbers are scarey scenarios that have something to do with big numbers. Sooner or later, you realize that your thirst for numbers made you sit through a lot of bad movies, ie, VALUESPEC or Jean or even myself. The underlying IT business is growing about 50% per month. I've invested in a call center company that just made a purchase using 2.5M shares of stock. It was a little slow getting out of the gate and the CEO came out early and said that earnings would be bad. BAM! the stock gapped down a point. Earnings come out and they're up to (diminished) expectations but BAM! the stock gaps down another half point, down 67% from where they were. The CEO has a meeting with analysts and BAM! gap down again, now down 75%. Imagine, a stock dropping $426M in capitalization because of a 2.5M share mistake. Thing is the call center business is growing 35% per year and mostly because of the growth in the internet. Hard numbers will come later but we've got to stop watching the same horror movie with the idea that we're supposed to be scared. At some point, we realize that things are going to get better and then the sails will fill with wind. It may or may not be obvious from my illustration that Frank could have handled the Intrine order differently but my point is no matter how he handled it the result would have been the same (we're down 75% just like the above example). Besides, now that you can demonstrate Franklin is getting 50% more revenue than last month, like the rest of the internet telephony, the trend will turn up. That's why people are here. Not because they know what the price should be next month but because internet telephony is growing so quickly. BTW, stocks up sharply in Europe this morning 2-4% across the board (except Russia -16%). WH