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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)
THNS 0.00Jun 7 5:00 PM EST
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To: Bill Fortune III who wrote (52)7/5/1998 8:43:00 PM
From: Radim Parchansky  Read Replies (1) of 15313
 
Bill,

For Internet & Internet BB stocks especially buying in the morning with market price (no limits) seems to work better than placing limit orders and this is true in the current market (was not the case a month or two ago). I recently purchased KBL that way and have already gained over 100%. Now, this is not always the best way to place orders but seems to work well in undervalued market / stocks. For example I used this type of purchase on SEEK, LCOS, XCIT and now when their ("Internet") valuation is higher I use it for small caps like KBL instead and buy SEEK, LCOS, XCIT... at the end of the day or with limit orders. So, in a specific case of FNTN I would place half with market order for the morning session (if there is no news) and the second half with limit order (say equal the previous close or so). But in case of news release, market order might be the only way to go.
I also predicted April like movement, that is YHOO first then big Internet caps followed by small Internet caps (more selective then in April). The time might be this week, when the "big four" XCIT, EXDS, LCOS, SEEK will all pass their 52 week highs and end up 20-50% above it. Then small Internet caps will go up as well. This is based on very good market this week otherwise it will take several more weeks.

Radim
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