Fascinating. Thanks for sharing these vital observations with us. When you think about it, it's entirely logical, but most have not yet awoken to the possibilities.
As for the technical situation, I believe these two posts from yesterday still have merit in terms of today's action, in case you haven't seen them. Superfluous info has been edited out.
Malcolm: Remember April 21, 1998? Yesterday's action very similar and today we are tracing out a very nice accumulation profile.
A gap through the previous resistance (in the .80 .90 range), would be a logical move from any technical standpoint. Could send prices racing through this previous vacuum to new highs. So far, so good. Right on track today.
Late spurt probably caused by panicky short covering ahead of tomorrow's open. Impressive buying support at lower levels supports this notion.
Rgds
Wiz
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I REMEMBER WELL Wiz. Do you remember my posting that if FNTN ever traded over $1 what I believed FNTN could do?? That closing over $1 on the Bid side could be considered so positive that our next hurdle might be the $1.50 mark. Even the $1.50 may be taken out FAST with Momentum buying..
Unlike you and several on this thread, I know very little about charts and much of the other techs you folks use.....However, I got some fairly good old common horse sense and a LOT of experience for a uneducated trader....proved to serve me well so far......
So my usual strategy has been modified to FIT FNTN and the circumstances surrounding this stock. I will apply this strategy modification In the case of MY personal FNTN position. Will not divulge that since I have learned that it bothers some, except to say this time I will treat FNTN a little different than before when
FNTN RAN from .25 to .95 cents...
Old TOMATO MAN and I have conversed a lot, long time before FNTN. Even as cautious as I am about OTC-BB stocks, He has me convinced that this is one OTC-BB stock which I may just get to witness SKYROCKET......
YEP Wiz I Remember well ;^) and those memories a SWEET..
BTW, again I publicly thank you for all the hard work you have done and continue to do in order that we al may be better informed...
Regards,
Malcolm
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