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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN)

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To: jpbp who wrote (490)11/10/1997 3:38:00 PM
From: TechnoWiz  Read Replies (1) of 2897
 
John, based on last few days action, MSN definately appears to be digging in or at least trying to dig in down here. Actually, the developing setup on my indicators is not unlike FNTN's setup prior to liftoff of same, (see my earlier post, re: risks of trying to pinpoint bottoms following a protracted decline). What I don't like so much is the structure or trading pattern between three quarters and a half. This leads me to believe that MSN is vulnerable to a downward spike or two, so if fundamentals are sound this would probably be an attractive buying opportunity, were that to occur or in the case that a significant breakout from this level were to occur I would probably try and buy the next pullback of retest of the lows. Kind of what we are trying to do with FNTN right now.

Rgds

Tech
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