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

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To: BlueCheap who wrote (1240)4/28/1998 6:02:00 AM
From: Robert W. Dog  Read Replies (1) of 2897
 
Malcolm et all,
Wooow! Although I had high expectations, I still am really surprised by what happened on Monday.
Initially it looked as if FNTN was going to be hyped to high levels, which almost always leads to a fall back afterwards.

YET. FNTN made a very nice jump in the first hour and than remained strong and steady around the 0,80 level, building a very strong support level with 1,800,000 shares traded!!
This is very impressive. And very promissing.

We know we can expect some announcements soon. I think that as long as there is momentum as we have now, there won't be an announcement.
FNTN management is aiming at Nasdaq small cap notation, which among others requires a stock price above the penny-level: they teherfore have the greatest interest in a steady and higher stock price.
The current momentum provides a steady and strong way we up, which doesn't require any intervention. On the contrary: they even may cause the FNTN stock price to be really hyped, which I hold for a negative result.

I guess that FNTN management may hold back the new announcements to strongly support the upwards trend as soon as the current momentum would show some hick ups.

Just my humble opinion. Anyone any thoughts on this?
Cheers, Robert
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