SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)
THNS 0.00Jun 7 5:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tomato Man who wrote (38)7/5/1998 7:27:00 PM
From: Bill Fortune III  Read Replies (2) of 15313
 
WHAT WILL MONDAY MORNING BRING!!!

Tomato Man brought to light THE POSSIBILITY of a quandary that might loom for those who plan to purchase shares in Financial Intranet, Inc. on Monday morning. With all the momentum built up over the long weekend there could be a large number of buy orders on Monday morning. Please be aware of the following. The more seasoned investor will know what this is all about but Tomato Man and myself are concerned for the less seasoned investor who follows the FNTN thread.

1. The possibility that MM's could inflate the ask price before the opening bell on Monday morning. This could set the stage for potential investors to be buying stock early in the day based on somewhat artificial prices. If the ask price is extremely high and someone places a market order they will get the stock for whatever the current ask price is.

2. If the amount per share someone is willing to pay is of high importance to them and are interested in purchasing Financial Intranet, Inc (OTC:BB:FNTN). They should set the bid price or limited the amount they will pay per share when they place their order. If the investor changes their minds they can always up their price by canceling the previous order and replacing it with a higher buy limit price or even change it to the market (ask) price.

3. Although the above is a good rule for some investors it may not serve the best interests of all investors.

4. The problem with placing limit orders (setting the bid price) is that a potential investor may not get the stock in that it may continue to climb without retreating.

5. If an investor really wants a stock and is willing to pay whatever, they should place their order at market.

6. An alternative to this is say you plan on buying 5,000 shares you could place two smaller orders for the stock. One could be at market price the other at a maximum price you are willing to pay. The only problem with this is you would involve two brokerage commissions.

Please remember that we are not trying to advise you as to what you should do as an investor but rather offer some general information and concepts of what could possibly happen and some alternatives.

YOU MUST MAKE YOU OWN DECISIONS NO MATTER WHAT! SO IT IS UP TO YOU ON HOW WANT TO ANY STOCK WE ARE NOT TRYING TO SWAY YOU EITHER WAY.

If anyone feels they want more input about what was written here just send Tomato Man or myself a Private Message and say so. I would be willing via Private Message or e-mail to give that person my phone number if they wanted it. My e-mail address if fortune@uslink.net.

Bill Fortune III

THIS POST IS NOT INTENDED TO OFFEND ANYONE. SO IF IT DOES NOT APPLY TO YOU FORGET ABOUT IT. AND REMEMBER THIS MIGHT NOT HAPPEN AT ALL.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext