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

To: BlueCheap who wrote (1033)	4/18/1998 1:05:00 PM
From: TechnoWiz	Read Replies (2) \| Respond to of 2897

Good Morning Malcolm: The market is a strange animal. It'll go when it's ready to go, but not without weeding out and destroying nervous holders in the process. That's the way the market works. Every day millions of people do the seemingly dumbest things in the market, such as selling stocks at a loss or in a panic only to see their stock inevitably rebound then later go on to soar. To those who are able to think and act opposite to this kind of behavior go the spoils as the ones who tend to profit consistently. I remember thinking exactly this to myself on the several occasions that FNTN has traded down to around .23 cents or so over recent months only to see the price recover from those levels and trade much higher. I know you Malcolm have traded a few of these moves quite successfully, so you know what I am talking about. Don't you think that the people who sold FNTN back in October are p____d or what. You bet their life they were when the stock soared 400% a few days later. Same sort of thing happened with Netscape last week. One possible explanation as to why the volume may have been increasing but without an appreciable move in price may have been because some were forced to sell against their will to raise money to pay the infernal revenue service. That's part of my reasoning as to why the stock may pop next week now that this pressure has been lifted. As far as those who wanted to sell, there were plenty of eager buyers this last few days. This is the nature of a base builder, they frustrate impatient investors and invariably cause those who sell to wonder how they could have done something so dumb, when often within a few days the price takes off. It's just the same with Apple Computer and MSFT back in December. One of the hardest triggers I have ever had to pull in my life was buying in to Apple at $13 on New Years Eve and Microsoft at 118, that's right the exact low, a split adjusted 59 on Christmas Eve last year. Buying Intel at 68 was even tougher. I'm sure glad I did though and it took a lot of courage to do it. Of course, I feel sorry for the poor unfortunates who sold me their stock and options, but that's the market, those are the risks we all have to take every day. It is quite conceivable that a number of market makers have actually been caught short with this stock. I know for sure one market maker had to eat a big enough loss on FNTN last week. As far as TMK's comment about retaining an Investment Banker, A. How could they be begging one to stay with them if they don't have one yet, and B. Why is he speculating with this nonsense about 200, 365 days etc. This is just trying to put a negative spin on what I for one interpreted as a very encouraging announcement. If a straight shooter like Michael Sheppard says he is hopeful that negotiations are likely to be concluded within a matter of days, why would somebody want to twist it into something different? I am prepared to take him at his word until proven otherwise. From what I can gather from comments on the thread, he has been very up front and straight forward with everybody. Retaining an Investment Banker is usually a precursor to significantly higher prices in the stock of the retainer. That's the way the game is played on Wall St. At the same time an Investment Banking group is unlikely to put its effort and resources behind any company unless they have significant prospects. I remember reading a survey some time back explaining the reasons why stocks tend to soar following retention of an Investment Banker. It gave some interesting insights as to why companies that retain Investment Bankers are far more successful than those who don't. In the last few posts I have tried to portray the facts as I see them. From my perspective I have to say they look very promising to me both from a fundamental and technical standpoint. The base looks phenomenal and the technical picture looks potentially awesome once the price breaks out above this consolidation. That's the main reason I'm in this issue and I only deal with the facts. I do my due diligence, I try and keep on top of what is going on, as I do for all of my investments. But, I for one am not going to try and micro-manage the company from the Internet or spend hours poring over press releases trying to decipher invisible information that doesn't exist by trying to 'read' between the lines. All that matters to me is: The news came out, the stock acted well and the reaction was positive - The stock rose 8%. That's a good start. Look, this is not IBM, it is an emerging growth company that has growing pains just the same way that all today's big winners have had in the past. If you don't understand that then you're invested in the wrong company. Remember, how about a year ago there was an embarrassing on air tiff between one of the search engine CEO's on CNBC's squawk box that they were not doing enough with the company to enhance shareholder value. Well look who's laughing now. Enough said. I'm taking my cue from Tomato Man. I'm going to keep my nose out of the kitchen and wait for the main course to be delivered, we'll see about the dessert later. Remember: Courage + Patience = Profit Rgds Wiz

To: BlueCheap who wrote (1033)	4/18/1998 9:18:00 PM
From: Eric G. Erpenbeck	Read Replies (1) \| Respond to of 2897

Malcolm, I have also seen stocks remain stagnant on large volumes with good news because of dilution... I would hope this certainly isn't the case but maybe FNTN is adding shares to the market? Who is FNTN's Transfer Agent (usuall on all stock certificates), I am sure they could tell us the current outstanding shares, authorized shares and restricted shares objectively. This way we could keep an eye on the shares, since they are currently a non reporting company I have learned it is very wise to keep our eyes on such... Unless someone has already looked into this HOPEFULLY unlikely scenario. I felt the new release was positive and I anxiously wait future news. Eric