Good Evening Fred et all: I tend to agree with your insights. Since we appear to be reaching the maximum point of frustration, just as happened in mid-April and mid-July, we must be very close to another legendary FNTN up-move, powered by a confirmed buy signal.
As readers of my 'Financial Intelligence' report will attest, I called for a record up move ahead of time in today's market amidst massive bearishness, much doubt, fear and anguish all over the street.
I kind of feel the same way now, given the way Financial Intranet has been acting of late. Remember this stock has a history of not conforming to the overall market and doing things on its own schedule. This stock is likely to move when most people least expect it and it will probably continue to outperform on the upside as it has managed to do, in a very dramatic way, 'against all odds' all year.
Look, making money isn't easy, it takes a great deal of iron-willed commitment, faith and exceptional discipline. Most investors have suffered losses even in the bluest of blue chips over the last 6 weeks, so under such circumstances I think FNTN has held up very well, in fact a lot better than many others, which given the percentage rise not only acceptable, but implies that the next up-move could be much stronger than most are expecting.
The stock has had a normal pullback in an ongoing bull market and to me, now looks more dynamically bullish than ever. When it rips out of this area, as I believe it will sometime soon, it will do it 'on its own timetable' and no-one else's. So be patient. Patience is what has enabled long term holders to profit up 'til now.
A breakout over 1.10 should set the stage for another blistering rally to unfold, with or without news. That's the way markets move, they tend to do things when people least expect, just as Wall St did today and Gold did last week.
I have not time to post before now, but will try and add some later
Best rgds
Wiz
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