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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?


To: don roberson who wrote (14461)10/12/1999 1:23:00 PM
From: DesertRat1  Respond to of 15313
 
RE: "Volume is really jumping but the price remains dead. Any comments on this phenomenon."

This has happened before, and will happen again. Probably mostly due to people who bought recently hoping for a spike after the SEC approval, now selling with some disappointment and moving on.

IMO however the company's "value" is higher as of last Friday than it was the day before (Thursday). Regardless of what some might say about dilution of shares, etc., the company has more cash now, can get more cash later, and will not be moved to the Pink Sheets. FNTN has already achieved what most other BB stocks have not done (or will not be able to do in the time remaining.) Not saying it's going to happen, but this company is now 10 times more ripe as a takeover target then last week. All of this should add strength and support to the stock price. So, the approval by the SEC was not just a "wash" with the new shares, it was much more valuable to company and the shareholders.

DRat



To: don roberson who wrote (14461)10/12/1999 2:26:00 PM
From: TsioKawe  Read Replies (1) | Respond to of 15313
 
In my past experiences in penny stocks more often than not volume will appear before a change in prices. Look at the charts on NUTK as an example.

FNTN may one day head higher as it has so many times in the past, but probably not today.

Went long 10k shares at this appearance of a technical bottom and taking a wait and see attitude at this point.

TK