First of all, thanks to Wiz and Jim for their posts. As you know, I have not posted much as I am most comfortable with my purchase of FNTN and understand that we are in a back office mode at present. However, all of this is going to change very soon. I would also like to take a few minutes to explain my reasoning.
I am not a technical trader, but I do make a study of it and find it to valuable in my trading. That being said, 3 of my 4 indicators are about to turn to a buy and one already has.
1. Moving Average - This is a trend indicator and usually lags what is actually happening to the price. If one follows this indicator, you would have made 220% on your FNTN investment in the last year. It is rapidly approaching a buy signal.
2. MACD - This is a also a trend following momentum indicator.If one follows this indicator, you would have made 390% on your FNTN investment in the last year. It is also rapidly approaching a buy signal.
3. Momentum - Another trend indicator. If one follows this indicator, you would have made 234% on your FNTN investment in the last year. It is rapidly approaching a buy signal.
4. CCI - measures the variation of price compared to it's mean price. If one follows this indicator, you would have made 306% on your FNTN investment in the last year. It is rapidly approaching a buy signal.
5. RSI - is used to calculate the internal strength of a stock. This indicator has turned to a buy. If one follows this indicator, you would have made 340% on your FNTN investment in the last year.
Okay, enough of the voodoo stuff. My main reasoning for being a bull on FNTN is because of the basics of BB trading. The MM's have taken us from heaven to hell on this one, and if you are a smart trader you have done very well. The MM's have accumulated in the quiet and then have "distributed" the stock to the public on price rise with little volume and built that to a feeding frenzy as they sold into that price rise to novice investors. Then they turned around and tanked us as their inventory was exhausted to start the accumulation all over again. The secret is to follow the volume and not the stock price. That is where the story is.
Things have just changed. With the filing of the SB-2, we are on our way to getting off the BB. The MM's know this and they need to get every share they can at as low a price as they can so when the sale of the 3 million shares happen (when ever that happens) they can get one last vampire lunch on the veins of investors. Once we are off the BB, we have taken out a significant portion of the skullduggery that they can pull. Also, why are our bashers back??? Maybe the tree needs some extra shaking as those of us longs who are committed to this company AIN'T SELLING? Explanations for things are always simple. If no one is selling, then let's try to scare them into selling.
Once again, LOOK AT THE VOLUME. We did 120k yesterday. Look at the volume for the last few weeks. Slow deliberate accumulation. I had a buy out there for hours @ market with no fill. They didn't want to sell me shares. Hmmmmmmm
Final point, FNTN is marching forward. Not as fast as I would like, but they are moving. Content, services, filings, etc. etc. Things are moving. I am not totally warm and fuzzy with the company, because I do have some issues. First, if we are a video company, why do we only have a few old videos of MS. I would LOVE to see some more stuff and updated on a regular basis. The advanced charting is not so advanced any more. There are other services out their that are providing more and better. Would love to see that updated. But, with the addition of the AlanX2, we are seeing constant changes and movement. I like that.
Well, back to the salt mine.
Best from the vegetable patch.
Tomato Man
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