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.
Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Fairbanks who wrote (485)11/7/1997 1:31:00 PM
From: TechnoWiz  Read Replies (1) of 2897
 
John: On the plus side, we appear to have come down and tested the breakout level on the bull flag that has been forming around this correction off the recent .60 high in FNTN. The tendency for the stock to be able to easily bounce back off that breakout level is a good sign and is what we normally should expect to see in a developing bull trend.

Looks to me like we are shaping up for a retest of October's lows in the overall market next week and if this is successful we could mount a significant rally

Note that many of the leading issues that began their corrections early and have corrected by up to 30% viz a vie INTC, GE, MSFT, CSCO etc. are now displaying impressive strength or resistance to heavy selling pressure, ie. leadership on a pretty bad down day. Intel topped out in January, way ahead of the rest of the market which did'nt really plunge until late March into early April when the Dow bottomed on 4/14. Interestingly, Intel's correction ended 3/24 and it kind of feels to me that we are seeing similar bottoming action among leaders right now. Once this correction is complete, I would expect a very stong rally to develop.

We are in seasonally very favorable time for both bonds and stocks.

Rgds

Tec
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News