THNS - Technest Holdings (Prev. FNTN) Message Board

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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)

THNS 0.00

Jun 7 5:00 PM EST

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To: Tomato Man who wrote (687)	7/18/1998 2:53:00 PM
From: Bill Fortune III	of 15313

Greetings Tomato Man and All, Collin pointed out in his Post # 666 a comment made by as he called him "the guru (Doug R) of the 56 thread" and what his opinion was. His reply was: exchange2000.com I am going to add just one chart and some comment on it. YOU CAN SEE THE CHART HERE: dailystocks.net It includes two EMA (exponential moving average) moving lines, 50 (Red Line) and 200 (Blue Line) Day moving averages. My observations are as follows: 1. That the 50 Day EMA has been relatively close to or above this line since the middle of April a period of about 12 weeks. 2. That the 50 Day EMA has been above that line since the first of July with one exception. 3. That the 200 Day line have been well above those moving averages since the middle of April also. 4. In my opinion FNTN is on the verge of a breakout to higher plateaus based possibly on any one of the following or combination there of: a) Release of one or more announcements that has completed some high level accomplishment. b) Release of news in regards to a large number of new clients. c) The sustained increase of daily volume to 750,000 shares or more. d) The retention of shares by the current core investor's as found in the Lurkers Corner. e) Institutional Involvement. f) Exposure via business news articles. g) Absence of negative news. Wiz said in part in his Post # 567 " 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. Here is a link to the complete post: Message 5208877 Remember these are only my opinions for what they are worth and are based on technical analysis which some people don't agree with on OTC:BB stocks. So if I am correct and some major events appear in the near future I feel we will be moving into the third wave as Wiz puts it. If some have found these to be exciting times, lookout, for when we enter wave three the flood gates should be wide open. Regards, Bill Fortune III

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