Good Morning Wiz, as always great information in your Post 2729. I must take a wait see attitude on the concept of the third wave idea because as you said: "This new development, on top of the triple one two base formation, confirms, in my view that we are either in the process of forming a third wave, or are about the enter into one. Either way, it can be considered to be very bullish, but the latter would have to be further considered as exceedingly bullish." And "Beyond that we will have to wait and see, but almost every time a stock revisits its old highs following extreme lows, it doesn't stop there and often its a signal of much greater things to come."
At this point if I needed to venture a guess it would be my considered opinion that we are in fact in that third wave you talk about. And should this really be the case I would have to revise my earlier estimates of $2.75 upward to the area you are eluding too, the high $7.00 range. I hope that my earlier estimates are too low and our more bullish outlook is the correct one. Time will give us the answer.
Again Wiz, I wish to thank you for all the effort you put into your post. The information and insights are invaluable to all of us. By the way maybe you could copy your post to a couple of other threads.
As I post this FNTN is:
Trading at $1.65
Up from Friday $0.17 or 11.50%
Volume of 331,000
Avg Hourly Vol 102,492
Avg per Trade 2,006
# of Trades 166
Day High $1.65
Day Low $1.48
Bid $1.62 (500) Ask $1.65 (500)
Last Sale 12:43pm ET
Best regards,
Bill Fortune III
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