Wally, I would have already sold out of FNTN if I didn't think FNTN had an excellent chance of moving to MUCH higher.
I see it like this, FNTN caught fire here while back. Now I know it went from .14 to .60 in a few days and I was in on that, made some nice profits. However, this .25 cent area seems to be the bottom, FNTN could drift down to .20, I see that as unlikely, but the TAX selling won't be over untill Dec.31st. and one never knows what will happen.
I'm guessing of course, but see FNTN trading here in this range untill 1998 begins, I believe they will be on track with enough good stuff to begin making some Hot News announcements. With folks looking for a HIGH RISK quick profit, with the right kind of PR and a PUSH, MOMENTUM buyers could get turned on to FNTN and cause an inflating of the stocks price. Its not beyond reason to speculate an FNTN price esclation to as much as $2 to $3 sometime in 98 (I'd guess by May or June). This will all depend on what kind of story FNTN can get out and how believable that story is.
FNTN needs someone who can get their story out. I am waiting to see if that happens, holding 15,000 shares at almost no cost, because of profits already taken, I decided just to stick this one back untill Feb. or March and then take another look.
These are all guesses, I just don't see much downside risk from current price. |
