To: Bill Fortune III who wrote (116 ) 6/13/1998 10:51:00 AM From: Bill Fortune III Respond to of 364
THIS MAY BE OF INTEREST TO SOME OF YOU. In my opinion FNTN is showing excellent resistance to the current 50 and 200 averages. If investors stand their ground, new investors come in and with the release of good news we should see a sharp upturn in FNTN over the next few weeks. Although FNTN may retest the averages (which are continuing to edge up), I believe it should continue to climb based on what I just pointed out. Since about April 24th when FNTN took it's sharp rise, the daily closing prices have held above the 50 day (red line) and 200 day (blue line) trading (moving) averages. You can see this by going to the chart below:dailystocks.net Here is a review of all the daily trading and the weekly averages since April 20th. Date Close High Low Open Volume 6/12/98 0.65 0.66 0.62 0.63 253500 6/11/98 0.67 0.68 0.6 0.64 221500 6/10/98 0.62 0.064 0.59 0.62 69900 6/9/98 0.64 0.67 0.61 0.67 69900 6/8/98 0.67 0.71 0.6 0.61 321800 Average 0.65 0.5568 0.604 0.634 187,320 6/5/98 0.58 0.58 0.54 0.56 100200 6/4/98 0.58 0.6 0.52 0.55 129600 6/3/98 0.57 0.61 0.55 0.61 101800 6/2/98 0.61 0.61 0.58 0.6 207400 6/1/98 0.6 0.65 0.6 0.65 214600 Average 0.588 0.61 0.558 0.594 150,720 5/29/98 0.625 0.67 0.615 0.67 184800 5/28/98 0.66 0.67 0.59 0.6 326800 5/27/98 0.6 0.64 0.55 0.61 176600 5/26/98 0.587 0.65 0.55 0.56 79400 5/25/98 Memorial DAY Average 0.618 0.6575 0.57625 0.61 191,900 5/22/98 0.61 0.65 0.54 0.65 259300 5/21/98 0.61 0.68 0.6 0.68 205300 5/20/98 0.62 0.65 0.55 0.58 393700 5/19/98 0.58 0.76 0.58 0.72 581600 5/18/98 0.74 0.8 0.74 0.8 189000 Average 0.632 0.708 0.602 0.686 325,780 5/15/98 0.8 0.812 0.74 0.79 186900 5/14/98 0.81 0.83 0.79 0.83 136200 5/13/98 0.83 0.84 0.75 0.84 251800 5/12/98 0.82 0.85 0.8 0.83 242500 5/11/98 0.83 0.86 0.77 0.82 333500 Average 0.818 0.8384 0.77 0.822 230,180 5/8/98 0.81 0.84 0.7 0.79 434500 5/7/98 0.74 0.84 0.74 0.81 192300 5/6/98 0.81 0.86 0.77 0.86 207800 5/5/98 0.85 0.87 0.77 0.83 363800 5/4/98 0.84 0.88 0.76 0.84 468400 Average 0.81 0.858 0.748 0.826 333,360 5/1/98 0.84 0.85 0.73 0.84 384400 4/30/98 0.8 0.9 0.77 0.83 559700 4/29/98 0.79 0.87 0.6 0.87 1559700 4/28/98 0.84 0.95 0.8 0.875 1157000 4/27/98 0.812 0.85 0.69 0.73 1811800 Average 0.8164 0.884 0.718 0.829 1,094,520 4/24/98 0.65 0.65 0.48 0.51 1459800 4/23/98 0.49 0.51 0.42 0.49 977300 4/22/98 0.43 0.49 0.378 0.43 1239700 4/21/98 0.36 0.37 0.285 0.36 532900 4/20/98 0.29 0.29 0.26 0.29 311900 Average 0.444 0.462 0.3646 0.416 904,320 Bill Fortune III