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: jpbp who wrote (464)11/5/1997 4:02:00 PM
From: TechnoWiz  Read Replies (1) of 2897
 
I've been watching this one for a while and unfortunately missed the bottom under 15, as probably like many others, I was not brave enough to step in front of the train and so being a technician I've been quietly waiting for the chance to buy in on this pullback. As I said yesteday, I don't know if this is it or not but judging by today's action, it certainly looks like we made some kind of significant test of lower price levels yesterday and the action today based on my experience portends sharly higher prices. However, I could be wrong and maybe there is more work to do, but when you see a stock take off like FNTN on the kind of volume activity that is extremely rare to say the least, it certainly gets my attention. For what its worth, I also missed the low on AWLT, but I sure would have liked to have been on that rocket as well. I hate to chase stocks and therefore I try to buy on pullbacks. I think I got this one right, at least for today. I did mention some time back, that stocks that rally off a low like this they rarely if ever pull back to their point of extreme unervaluedness and so far FNTN appears to be conforming to this pattern, therefore it seems entirely logical to be buying in this range.

rgds

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