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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: jpbp who wrote (387)	10/25/1997 7:31:00 PM
From: TechnoWiz	Read Replies (1) \| Respond to of 2897

jpbp, I tend to agree with you, especially seeing as it was such an unsettling week in other sectors. FNTN closed up for the week and the current structure looks to be one of wanting to at least test the recent highs and probably exceed them. Given the intense upwardly biased activity in the stock this month, I would be surprised if FNTN were not to challenge its recent highs and soon. The next most interesting action to observe is how it is going to behave from these higher levels. If it sails through the .60's on high volume, we can be reasonably assured of a run to $1.00. Psycologically exceeding $1 should enable a test of important resistance and pivot point around $1.50, which I think is a logical short intermediate term expectation for this issue. Such a level would most probably represent a low end valuation for the stock or an underestimatated acknowledgement of what's really going on with the company, its future potential and the degree of progress to date. Rgds Wiz