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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: MskiHntr who wrote (5856)9/15/1998 11:38:00 AM
From: Bill Fortune III  Read Replies (1) of 15313
 
Greetings Joe. Your analogy of investors being willing to buy in the low 0.90's and not to much selling pressure.

Based on you personal opinion I would like to ask if it would be fair to say:

1. Most sellers are not willing to sell are the bid?
2. That if sellers stand their ground and hold onto their stock, that there is a chance the Bid will increase?

Over the last month or so FNTN has had some large trading swings as the example below shows:

Date Close High Low Spread % of
Spread Closed

9/14/98 1.02 1.05 0.95 0.10 10.00% Up
9/11/98 0.96 0.96 0.81 0.15 15.00% Up
9/10/98 0.89 0.89 0.78 0.11 11.00% Up
9/9/98 0.85 0.93 0.81 0.12 12.00% Down
9/8/98 0.92 0.95 0.86 0.09 9.00% Down
9/4/98 0.96 1.125 0.9 0.23 22.50% Down
9/3/98 1.01 1.06 0.88 0.18 18.00% Down
9/2/98 1.03 1.11 1.01 0.10 10.00% Down
9/1/98 1.05 1.05 0.85 0.20 20.00% Up
8/31/98 0.92 1.11 0.89 0.22 22.00% Down
8/28/98 1.07 1.16 1.05 0.11 11.00% Down
8/27/98 1.09 1.22 0.98 0.24 24.00% Down
8/26/98 1.17 1.23 1.16 0.07 7.00% Down
8/25/98 1.21 1.37 1.19 0.18 18.00% Down
8/24/98 1.3 1.51 1.21 0.30 30.00% Down
8/21/98 1.33 1.34 0.99 0.35 35.00% Up
8/20/98 1.2 1.4 1.1 0.30 30.00% Down
8/19/98 1.4 1.51 1.36 0.15 15.00% Down
8/18/98 1.51 1.6 1.48 0.12 12.00% Up

Joe, thanks in advance for your input.

Best regards,

Bill Fortune III
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