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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)
THNS 0.00Jun 7 5:00 PM EST
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To: sammaster who wrote (3029)8/5/1998 12:48:00 PM
From: Bill Fortune III  Read Replies (2) of 15313
 
Greetings everyone, Stocks don't always just go up! In my opinion what we are seeing this morning is four-fold in nature.

1. Day traders and mm's are doing what they do best make a stock volatile and that is part of the reason for FNTN being down today.

2. FNTN stock that has been bought by those who thought that it would continue to run are moving out and selling at market which tends to cause a downward trend in a stock price.

3. The shares that have been in weak hands (not longs) most likely are moving out and hope that it drops even further and maybe hoping to picking it up again if it continues to go down.

4. Some FNTN longs may in fact be taking a profit on a small amount of their shares to cover investments.

Now this list most likely could include many other concepts, but I will leave it at that. If you have any other ideas, share them will all of us.

The volume is really low only 177,700 shares as of 12:30 or only 59,233 per hour. In my opinion this shows only the weak shares are being shaken out from those weak hands I talked about. As Samir indicated in his post there has been a lot of small block sold today. Total trades amount too 113 or only 1,572 shares per trade on average, which is very small.

I like today's trading because it shows the real strength of the investor base in FNTN.

Regards,

Bill Fortune III
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