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


To: Bill France who wrote (39310)11/14/1998 4:16:00 AM
From: BuzzVA  Read Replies (2) | Respond to of 41046
 
Bill, please sell and move on then. Thanks.

All,
Today taught me a valuable lesson. I've been holding another dog of a stock, NTST, for quite a while. Bought in the mid $1s. Stock sank to pennies. Reverse split 1-for-3. Kiss of death, right? Well, normally I would sell any stock that was rev. splitting. I said to myself, "What the fu--, I'll keep it since it's so cheap now." Well, post split it inched it's way back to around $1.25 until today. Today it went up $2.06 to close at $3.25!!! Don't know how or why at this point (haven't read the 10-Q yet). But if it can happen to NTST in an industry that's hurting (Managed physician) it can sure as hell happen to FTEL in an exploding nextgen field. Worth the risk to me. I hope others will give FTEL some more time. FWIW.
-Buzz



To: Bill France who wrote (39310)11/14/1998 11:25:00 AM
From: kphone  Respond to of 41046
 
Bill damn well said, you know, he is talking about DCTC. Like many here I have been in both stocks, but realized months ago, after the big drops FTEL was going no place. The CEO of DCTC has done what he said he would do, grow the company. He has not released PR with nothing to back it up.

Franklin on the other hand IMHO, has a CEO that is self centered and could care less about his shareholders (typical engineer). He takes his stock options, many of them, when the stock is down, now watch, he will sell on the next run up. (smart) playing the game, to benefit himself not all of his shareholders. We bankrolled his growth, without payback. (Hopefully in the future, maybe).

Now let me say, I think Franklin will survive and succeed with the DVG, but it will take time. Frank Peters brought in good people to grow the business, his best move to date. If he can stay out of the way and just be an engineer FTEL will IMHO grow.

Still holding both stocks for long term. But looking forward to a nice return with DCTC soon.

Ken