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: RandumOne who wrote (1868)	7/24/1998 12:10:00 PM
From: Ariella	Read Replies (1) of 15313

Randum -- if you're seriously thinking of buying more shares.... may we exchange some thoughts on the trading pattern today? So far the theory I am testing to get a better feel for the trading style in FNTN is going as predicted. I wrote yesterday that all previous trading spikes had ended the day when the closing price was closer to the intraday low than the intraday high. That describes yesterday and today we have the normal post-spike day -- an early morning uptick to 1.60 followed by softness, so far to a low of 1.20, in percentage terms a 25% intraday decline from top to bottom. As I said in my post, In the past, investors who did not panic out at the intraday low saw the stock stabilize upward. I already announced plans to buy more FNTN and am trying to guess where the intraday low actually will end up being so I can choose the most advantageous re-entry point possible. The Yahoo chart shows a nice intraday bounce off 1.20 and, though the stock price has approached it a couple of times since, it still has some bouancy and pushes back upward. quote.yahoo.com (use the refresh button) So far more than a million shares have traded; we're in the lunch lull as shown by a big dropoff in tape activity. Can't tell what will happen in the afternoon, so I'm putting in a partial fill in the mid 1.20s and waiting to see where the trend goes before picking the next spot. Any thoughts? Ariella

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