Financial Intranet Inc. (OTC:BB:FNTN) Message Board

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

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To: don roberson who wrote (1640)	5/11/1998 5:16:00 PM
From: Bill Fortune III	Read Replies (1) of 2897

You may have seen a trade @ $ .77, well there was. My thought on this is as follows. I received a private message just a little while ago and that person said he thought it could have been a sale based on stop order (order entered sometime previous to today's trading) and it filled. He may have be correct I don't know for sure. But, here is something else that could have happened and there is a lesson to be learned from it if it's the cases Assume an investor decides to sell 5,000 of a stock they paid $ .50 + say a $50.00 commission. They would have $2,550 invested. Now they decide to sell 2,500 of those shares for $ .90 (because the market was at about .90) less a $50.00 commission. If they get the .90 they would realize a net profit of about $925. BUT.. When they put in their sell order they told the broker to sell at market and the sell order was entered and along came a bid of say .77 that would be the market. They would not realize the .90 they expected only the .77 bid price because that was the market price at that time. End result would be a only a $650 net profit instead of the $925 one they had anticipated. The point I making is someone sure made a mistake and lost a lot of money on the .77 Trade. In my opinion if a person needs or wants to sell a stock you must set your ask price when placing your sell order. In the case above I would have told my broker to place a sell order for 2,500 share of .90 or better and the stock could not have been sold for less than .90 cents and possibly more. You can always drop the price. I really do not know why someone was able to buy FNTN for .77 but they did and I glad for them and feel really sorry for the poor seller. We must always be careful when buying or selling, your broker does not care all the broker wants is see the stock trade that is how the broker makes money. Just thoughts from a FNTN long. Bill Fortune III

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