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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: Warthog who wrote (3412)8/11/1998 9:51:00 PM
From: Burley  Read Replies (1) of 15313
 
Collin: Thanks for your comments. Just a clarification note -- It depends on your stochastic parameters and the length of your moving average as to whether they point upwards at present. Just about anything longer than a 13 or 14 day moving average is still, at present, positive. The longer-parameter stochastics are also still positive. As with any indicator, remember what goes around comes around. That is, one's technical indicators can be manipulated to reinforce an emotional decision one may have already made.

In any case, I don't believe a purely technical approach to a stock like FNTN is trustworthy. There are just too many fundamental positives. Yes, in hindsight selling at $2.00 and buying back 30% or 40% more shares on the selloff would have been ideal. But balance that with jumping off a potential runaway train and unable to get back on. In summary, the risk of NOT owning FNTN appears to be much greater than the risk of holding it. Also, in my experience the stress level is lower. Just my humble opinion. Thanks Collin for your contribution.

MGBY,

Burley
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