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

To: Markus who wrote (2410)	6/20/1998 3:32:00 AM
From: dharampal luthra	Read Replies (3) \| Respond to of 2897

Hello Markus, I am a little confused too. But this is what I think. Last sale at 0.575 occurred at 3:45 P.M. and at 3:55 one of the Market makers got aggressive and is offering 0.60 so that becomes the highest offer. At the same time another market maker is asking 0.62 which becomes the lowest asking price. Many other market makers have very different prices but they may or may not accept trades at those prices. That is why the BB stock orders are not filled easily. My own broker (discover) usually shows bid and ask that is way out of line like bid 0.51 and ask 0.75 today most of the time. Yahoo prices or actual buy and sell prices are in a more narrow range. Nevertheless it appears that somebody saw a better opportunity and got out or had too many shares from 0.13 days. The trend seems bullish and as selling is absorbed by stronger hands, with some help from MS or others, we should have an upward spiral starting. Let us take it one week at a time. The seller of 30,000 could also be, in my opinion, trying to create frustration in the minds of investors who want to see price go up. So selling with him is a trap to avoid. Maybe this seller will be forced to buy back at a higher price. Happens all the time. I am switching to sure-trade for their $7.95 commissions. Anybody has anything to say about them. Currently I pay $19.95 plus 2.75% of capital invested in stocks under $1.00. Way too expensive.