FNTN Stock price estimate:
Time Frame = Closed = # Days = Base Avg Price = Base Increase = Avg Vol
7/20 - 7/31/98 = 1.4800 = 10 = 1.3387 = 101.4294% = 1,144,870
4/22 - 7/17/98 = 0.6700 = 63 = 0.6646 = 117.0477% = 348,915
1/19 - 4/21/98 = 0.3600 = 67 = 0.3062 = 3.0629% = 231,588
10/13/97 - 1/16/98 = 0.3400 = 70 = 0.2971 = 19.5573% = 240,288
8/18 - 10/10/97 = 0.3000 = 40 = 0.2485 = - = 229,541
On 7/31/1998 FNTN closed at $1.48. On 7/20 FNTN closed at $0.812 up $0.442 from the previous close.
For the ten-day period from 7/20/98 thru 7/31/98 it had a average closing price for all day of $1.3387
an increase of 101.43%. Over this period it had a low close of $0.812 and high close of $1.54.
On 7/17/1998 FNTN closed at $0.67. On 4/21 FNTN closed at $0.36 up $0.31 from the previous close.
For the sixty-three day period from 4/22/98 thru 7/17/98 it had a average closing price for all day of $0.6646
an increase of 117%. Over this period it had a low close of $0.43 and high close of $0.85
On 4/21/1998 FNTN closed at $0.36. On 1/16/98 FNTN closed at $0.31 up $0.05 from the previous close.
For the sixty-seven day period from 1/19/98 thru 4/21/98 it had a average closing price for all day of $0.3062
an increase of 3%. Over this period it had a low close of $0.235 and high close of $0.45
On 1/16/1998 FNTN closed at $0.34. On 10/9/1997 FNTN closed at $0.22 up $0.12 from the previous close.
For the seventy-day period from 10/13/97 thru 1/16//98 it had a average closing price for all day of $0.2971
an increase of 19.56%. Over this period it had a low close of $0.24 and high close of $0.51
The above breakouts are base on the approximate periods when volume spikes ensued based on the chart below:
bigcharts.com
On 07/17/98 trading volume was 222,000 the next trading day it was 633,500
On 04/21/98 trading volume was 532,900 the next trading day it was 1,239,700
On 01/16/98 trading volume was 180,300 the next trading day it was 1,765,200
On 10/08/97 trading volume was 524,600 the next trading day it was 2,907,500
Overall increase in FNTN stock price 8/18/97 to 7/31/98 is 493%
As you look at this chart you will see that FNTN has been well above its 200 day moving average since the
middle of April or 3 « months. Also it has been above or near its 50 day moving average over the same time period.
dailystocks.net
So what does this all mean to me? Based on my limited knowledge I believe that FNTN will be moving towards
the $2.70 - $2.80 as the new base bypassing the $2.25 level I once thought. I also feel that this will happen within
the next month or 20 trading days. This is base on the time tables that FNTN has talked about in their news releases.
REMEMBER THAT THESE PROJECTIONS ARE ONLY MY OPINIONS BASED ON THE ABOVE INFORMATION.
I would welcome any other opinions in regards to this to see what others are thinking about the short term prospects
as it relates to the price for FNTN.
Regards,
Bill Fortune III |
