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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (1087)	4/27/1999 10:17:00 PM
From: McNabb Brothers	Respond to of 9677

Mike, <I couldn't agree with you more. I am less interested in how high the stock can climb by Nov 1, than I am how much momentum can be generated between now and then.> I own a funeral home, cemetery, and a real estate company and own a small interest in a small insurance company which none of them trade on a stock exchange. I never really know what any of my privately held businesses are worth especially on a daily basis. I treat most of my stock investments the same way in that I do not count my eggs on a daily basis either. I'm not so worried about FSTW stock price then I am as to what it has been and still is telling us that FSTW has had it's problems and seems after todays action in the stock the problems are still with us. As I have said before I'm a firm believer that stock price tends to predict good news in advance with a price increase and tends to predict bad news with a price decrease 3 to 6 months in advance of the news. Seems as if FSTW stock has done just that since I have owned it, in that the stock has declined as FSTW has failed to get Netgain off the ground as fast as they wanted. I was really excited to see FSTW open up strong, but only disappointed again to see it drop back on very heavy volume. Todays stock action was not a good sign IMO. I'm still long and in fact bought another 1500 shares today and plan on holding for another 6 to 9 months to see if they can get all their ducks in a roll. I'm not worried like I said earlier about the price and what it may be trading for a year from now as long as FSTW the company will get it's act together and show us proof that they can increase sales and by a good percentage as well. In fact I would vote to delist the stock if it were possible and reopen it after FSTW the company either proves itself as a growth company or if it can not prove itself. If the company can prove itself the stock will take care of itself! Hank