Folks: When it comes down to it, the only things that matter, (to me anyway), are the technicals. If the technicals are strong, you'd better be long and right now the technical structure of this issue is a standout text book pattern, that is inviting, to say the least.
Whether the company made money or lost in the past, right up to this very day, is totally irrelevant. This has been more than adequately demonstrated by just about all of the money losing internet high flyers that continue to defy gravity and completely confound the bean counters.
Don, you have done an extraordinary job of factually illustrating these so-called aberrations and pointing out to us, just how flawed these theories and misconceptions can be and how they can so negatively and wrongly influence you and your attitude towards any attractive situation in a burning hot internet mania. It just goes to prove, no amount of negative posts are going to ultimately influence the direction of any stock that the public wants and craves.
Another important point to keep in mind: How can anyone know, whether this or any company for that matter, is about to sign some huge deal that could change the entire outlook of the stock overnight. Additionally, every listed stock that possesses something unique is a potential takeover candidate in a publicly traded World and could quite unexpectedly become the target of a share raid or takeover bid.
If a cash rich company such as Zapata can see incredible values in net stocks at these lofty levels and get up to major player speed in a just a couple of months by snapping up 21 diverse internet content providers overnight for its own stable of brands, it tells you something about the fact that major investors are on the prowl and just about 'anything is possible' and 'absolutely nothing' can be ruled out!
These are the kinds of ideas that you simply have to factor in to your investment research and thinking. It is these kinds of anticipatory and analytical skills, a penchant for patience and a sixth sense feel for the company itself along with the market sector to which it belongs, that can give you that much needed advantage in the tricky business of emerging equities investing.
I firmly believe that when the big institutions really begin to get wind of what kind of asset FNTN has built and is sitting on, the whole ball-game is going to change. That's when you'll really begin to understand the definition of what a shortage of stock actually means to those who are lucky enough to be long for the duration and the definition of abstract panic, fear and nausea for those who may be unfortunate enough to get caught short.
If you believe in a company, you've simply got weather all the storms and ignore or mentally extinguish the perennial brush-fires that the negative arsonists are always trying to ignite. In these circumstances, you've got to be ready and willing buy into other peoples doubts and fears and take advantage of the situation.
This is what this thread is all about. Most of the community here are passionate about this issue because they can see and almost feel the future right before their very eyes.
The Net has brought us all together to this place and this is the Internet's working at its best.
People see FNTN as a pioneer and want to grasp it with both hands and embrace it, because they don't want to miss out on the potential rocket ride that this emerging paradigm that could turn out to be during the next great growth wave of our generation.
In the case of Financial Intranet, management appear to have just about completed all of the important groundwork. The system is close to being fully functional and operational and I wouldn't doubt that they are more than ready to go forth and multiply. They have spent countless hours in development and from what I can glean from past news releases, they have made personal sacrifices, invested heavily in terms of their own time and expertise and have made a huge monetary commitment to future of this enterprise. Folks, this is how business empires ar born. With absolute commitment and determination.
Let me ask you this. If you were not deadly serious in your pursuit of this market and your intentions to fully exploit every last piece of its potential, wouldn't you be spending millions of dollars and investing your life in this venture? Don't forget, they saw all this coming long before the majority. Most people have yet to fully appreciate the awesome potential of the market they are moving into. Remember too, that this company was conceived long before Internets and Intranets were as cachet as they have since become. Again foresight was and still appears to be their edge today.
The Internet continues to grow in massive numbers, with millions of new subscribers signing up each month and an estimated 65,000 new web pages being created every hour. We are all part of this and that is why our time will come. Believe me, this tale will be told and when the music starts, it will unfold with lightning speed and effect.
That's the fundamental story
For the technical picture, I invite you to look at Collin's chart posted last night at post #565. If you click on his site:
topher.net
Select 'FNTN bars with volume' and you will soon see a mouthwatering sight to feast your eyes on, wherein Collin has kindly outlined and highlighted the three great dynamic advances in this stock to date, in what I believe to be a monster basing formation ready to let loose.
In Elliot Wave terms, emerging advances don't look much better than this and the three impulse waves displayed before us, suggest a highly accretive buildup of momentum, that frequently occurs prior to some kind of major explosive action.
Based on all this, I would have to conclude that FNTN is more likely still in the very earliest part of its emerging bull stage of a major run. With the completion of its infrastructure and in finalization stage of deals such as the acquisition of IDB and with the new website etc in the offing and all the rest that we don't know of, confirmatory announcements should begin to send the stock stratospheric.
My read is that even in the last days and weeks, we are still making a series of minor impulse 1 - 2 waves, but as can be seen from the chart there are potentially three (3) clear and dominant 1 - 2 impulse waves that have formed, which in the event of an ultra-powerful third wave breakout to the upside, by their very evidence in this huge base formation, they carry enormous implications for the longer term outlook for this company.
This is a multi-year base that has been slowly building momentum and this should this continue to build at higher and higher levels. The very nature of this structure suggests that it is wound up like a spring which will unleash great energy as third wave upmove is confirmed and which I believe is about to begin. As previous resistance is obliterated by a broad advance, it will set the stage for this issue to establish a whole new price range and build new value at significantly higher levels.
The History
Wave 1 began in October 97. A long and complicated base became wave 2 and the January, February and March advances, although false starts, all accretive minor impulse 1 waves, paving the way for the powerful major impulse wave 1 to evolve in mid-April, taking us from 23 to 95. We now appear to be ending a less complicated simple 2 corrective wave at the apex of the current pennant'.
Including this we have more or less 5 fairly clear (3 large, 2 small) accretive 1 - 2 waves, including and since the initial blast off wave, or more simply a double 1 - 2, where Oct 97 is the 1st wave 1. The base then becomes corrective wave 2. The January surge is the second 1 - 2 wave and the powerful April advance is the third major impulse wave 1 and the pennant formation we're now in, probably the last corrective wave 2, prior to the potential third wave mega-move.
The longer term implications of these buildup impulse waves cannot be ignored. Given that on some other indicators including those of Collin and as well as my own, all tend to suggest that a major third wave breakout is imminent and could unfold quite suddenly and at any time. Maybe, even during this very week of July 13 - 17. Today, buys to sells were running 4 to 1 positive. Professional traders are telling me that stock is very tight and hard to buy in any size. The range has been exceptionally tight and narrow over the past few days. It feels to me, with us being so close to the apex of this potential bull flag that a sudden move of some substance and duration is very close that could take us sharply higher in a hurry.
Should we exceed the $3.00 level, expect a sharp move higher with a possible test of the old highs at $7, not impossible. A break through $3 on this move implies that FNTN will be a $7 - 10 stock later this year or next in any case. Following, what would probably be a relatively brief 3 - 4 wave series of consolidations, that would counterbalance the complicated 1 - 2 series of the initial impulse and correctional waves, the 5th wave of this major impulse wave one, could be spectacular indeed and might conceivably take us as high as the mid-teens, once $7 is exceeded. The reason for this is, that a full retracement to the old highs would be seen as outrageously bullish by most techicians and they would begin to set their sights on a doubling of the range as the next logical step, which would conclude big wave '3' or '5' depending on how rapidly it all unfolds. In any case, a much longer 3 4 wave formation would be a more likely scenario beyond these events, should they unfold accordingly and would counterbalance perfectly, the huge 1 - 2 base, in all likelyhood contained in a much higher and wider range, and perhaps at significantly greater levels.
The most important message here, is that experienced and seasoned technicians, professional traders and momentum players are going to be able to glance at FNTN dynamic structure and profile and be able to recognize its technical potential for what it really is, once the next major impulse move gets seriously under way. QED.
Have a good evening
Rgds
Wiz |
