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Microcap & Penny Stocks : FNTN-Is Financial Intranet the most undervalued net asset?
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To: TechnoWiz who wrote ()7/23/1998 8:53:00 PM
From: Robert W. Dog   of 364
 
Wiz,
I am no TA, but the following pattern struck me and maybe you can shine a light on this:

The FNTN 'April' run up had the following pattern:
0.25 - 0.95 - 0.60 (base, high, base)

The 0.25 - 0.90 climb gives a delta of 0.70 or a factor of 3.8
The 0.95 - 0.60 decline gives a delta of 0.35 or a factor of 0.63

The FNTN 'July' run up (so far) had the following pattern:
0.60 - 2.25 - ??

The 0.60 - 2.25 climb gives a delta of 1.60 or a factor of 3.75 (...)
If we apply the April decline factor of 0.63, we get a new base at 1.4175

We closed at 1.40 today (...), and off course we can't speak of a base here.
Yet, if this holds, we could consider that these factors repeat themselves for whatever reason, and should have a next run up to:
1.4175 * 3.8 = 5.3865
with afterwards a dip to a base around
5.3865 * 0.63 = 3.3935

Just curious what your thoughts are on this.
Cheers, Robert

PS: I haven't shown my face on SI for a couple of months since I needed energy for personal affairs and was very confident about FNTN anyway. I lurked the thread though and off course couldn't keep away from the screen the past days.
I'm still very strong on FNTN (I still own $0.145 shares; average at 0.3), and am very confident about FNTN's future. I still hit the road to sell Database Marketing and Data Warehousing solutions to major financial institutions across EMEA, so know very well about FNTN's full potential.
Day tripping may be fun, but I rather have my day dreams come true.
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