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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN)
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To: JOHN WHITE who wrote (2339)6/17/1998 1:38:00 AM
From: Radim Parchansky  Read Replies (1) of 2897
 
John,
Here is what I based my activities on for the short term. Last week I told my friend at work that after the first dip (DJIA) the stocks are going to recover for a day or two and have another dip 100-200 bellow the first dip. After that the market is positioned for another runup and another sign of this will be "every news is going to be a good news" (some inflation numbers where higher than expected but market went up) vs. last month or two of the opposite (nothing was good enough for the Wall Street for past couple of months). Lastly events in Asia are going to hurt companies exposed to this region which should shift funds to stocks like internet not affected by Japan's economy (I beleive that funds do not leave NASDAQ but shift within). Also internet stocks had a nice pause and all is ready for another up turn. I have been buying for last two days to the full of my cash reserves. The only thing that still worries me about FNTN is other stocks going up 10-30% in one day, taking funds from FNTN. As per previous message news should be coming down the wire within ten days and assuming it will have positive effect on the price, the time between now and then is a buying opportunity, if you have the stomach for it.

Radim
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