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

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To: JOHN WHITE who wrote (1312)4/29/1998 10:38:00 AM
From: BlueCheap  Read Replies (1) of 2897
 
NO, I expected profit taking, but we had SO MUCH momentum buying over a longer period that the price held up longer than I thought it would.
The TRUE test will come when we see just HOW many investors will buy in after the selling stops. This will create panic selling from two sectors, the ones trying to PROTECT profits and those who bought at this high run up.
This is healthy, it happens almost every time and we should now see a NEW BASE, although we could see a fast UP & DOWN all day into tomorrow. Friday will likely show us where the Base really IS....Then we can make decisions:-)
Regards,
Malcolm
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