Smart guys take a look at this for me.
But first. Thanks Tomatoe Man--That's the kind of information that I like to hear about. It is an actual company with equipment and real people.
Now, since it's kinda quiet today, I've got a few ramblings. I don't post very much because I rarely have anything to add and I usually
don't have the time, but today I've got time (wife and kids outta town).
Here we go, I'm a recovering chartaholic. Don't truly understand all that I see on them (Collin and Wiz probably do) but I love to download price and volume data and send it through my rickety software and look at what it shows. I haven't done this in a while but just finished with a little for FNTN and really like what I see. For instance, since I've been following this stock and thread (Oct. 97) it looks to me as if there have been 3 times that the price has really taken off for at least a price double.
1. 09 Oct 1997 opened at .14.5 went to a peak close of .51 on 14 Oct
2. 13 Jan 1998 opened at .26 went to a peak close of .45 on 20 Oct (intraday high .56)
3. 17 Apr 1998 opened at .25 went to a peak close of .84 on 28 Apr
(intraday high .94)
Now the price does eventually go back down and does a little basing as many call it, but it hasn't gone too far below the rally start price. What does this mean???? I certainly don't know but I hope it means the shares are going to people who are thinking long.
The really interesting part for me is the time frame between rally starts. Take a look, pretty much 3 mos. between each, now take a look at your calendar. Yes it's 18 July, pretty much 3 mos. since the last rally start. Ha.
I'm no genius (Ijust bought my weekly lottery ticket) but I thought it was kinda interesting. Perhaps January was just the beginning of a new tax year and April had something to do with tax day it doesn't matter to me because I'm long. I would like some opinions on this from all the smart people. Maybe ya'll have already noticed this and talked about it (I've been away for awhile) or maybe it's trivial.
By the way, my idiot software picked entry's on 9 Oct., 17 Apr. and 17 July but it missed January. Don't get the impression it's great, it
has also picked many other times to get in and out that most wouldn't and it takes its beatings too. However, It does feel good when it confirms what I've already done.
Anyway, something to think about. Hope ya'll don't consider this hype
that's not why I wrote this and it's all just my observations and opinions.
Now back to lurker mode, yard work and a cold one. Enjoy your weekend.
Thanks,
Cliff |
