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

To: jpbp who wrote (464)	11/5/1997 4:01:00 PM
From: John Fairbanks	Respond to of 2897

10,000 at the ask (.36) -- now when the spread narrows to show support for the new level I'll be happy... we might gap up tomorrow if everyone comes home tonight and sees today's activity and rushes to buy in tomorrow based on today's heavy accumulation. Not everyone can monitor this throughout the day and will find out about this when they get home. I'll bet the 14,000 at .34 hung out there for a while... :-)

To: jpbp who wrote (464)	11/5/1997 4:02:00 PM
From: TechnoWiz	Read Replies (1) \| Respond to of 2897

I've been watching this one for a while and unfortunately missed the bottom under 15, as probably like many others, I was not brave enough to step in front of the train and so being a technician I've been quietly waiting for the chance to buy in on this pullback. As I said yesteday, I don't know if this is it or not but judging by today's action, it certainly looks like we made some kind of significant test of lower price levels yesterday and the action today based on my experience portends sharly higher prices. However, I could be wrong and maybe there is more work to do, but when you see a stock take off like FNTN on the kind of volume activity that is extremely rare to say the least, it certainly gets my attention. For what its worth, I also missed the low on AWLT, but I sure would have liked to have been on that rocket as well. I hate to chase stocks and therefore I try to buy on pullbacks. I think I got this one right, at least for today. I did mention some time back, that stocks that rally off a low like this they rarely if ever pull back to their point of extreme unervaluedness and so far FNTN appears to be conforming to this pattern, therefore it seems entirely logical to be buying in this range. rgds Tec