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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN)
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To: TechnoWiz who wrote (369)10/23/1997 11:56:00 PM
From: John Fairbanks  Read Replies (1) of 2897
 
Oops! Didn't mean to come across so concerned... I have VERY high
hopes for this stock in the next year or so... which is very long term
investing for me. I was just curious why what appeared really good
news to me didn't seem to have that much effect... or maybe more
accurately why the price didn't rise with the level of buying I was
seeing. Actually this is one of the larger positions in my portfolio
right now (yes, being young I tend towards higher risk!) and I think my
Dad will by buying soon.

I agree with you completely on the state of the market... just a look at
the 30 year T-bill is enough to convince one that the market is poised
for a sharp rebound. I heard one fund manager comment once that
"everyone always thinks the DOW is too high". Who would have
thought that we'd ever see 8,000 this quickly! :-)

On TPRO... I held it briefly as a momentum play (a couple hours :-) )
but I have since learned that my own company has contracted
some work out to them and that everyone here was VERY impressed
with the job they did. I suspect they'll get more business from us in
the future. After the recent run up I can't be sure, but trading over
the last month or so a good buying level was anything below 5.50.
It's been pretty faithfully cyclical. I will probably take a long position
in the company if I ever have some free cash when a dip occurs.
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