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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: Fredman who wrote (137)	7/7/1998 12:29:00 AM
From: Radim Parchansky	Read Replies (2) \| Respond to of 15313

Fred, How can Internet company trade at much higher prices then other profitable stocks? Well, here is what I tell my friends: Couple months ago I found out that Compaq has $30 profit on one sold unit. If they receive one phone call from a customer the whole profit is gone. Now, I by PC every 3-4years, so I give them $10/year. How much do I spend on Internet sites a year? About $300-$1,000 excluding fees for trades or $4,000 plus including trade fees. And I have not even start to use Internet seriously plus I'm advanced user so others will follow soon. Another example: on my recent trip to SF I did all reservations on the net (air, hotel, car) and loved it. This week I'm going to SF, then Boston and Jamaica. Since travel sites are not yet "there" I did some of my bookings via agent but it's only question of time before those sites are better then going though an agent. I'm currently involved in new 3D web pages, which will start to show up within next couple of months. In summary the picture has magazine quality and the dynamics are TV commercial like! Based on the above I almost liquidated my DELL, COMPAQ, etc. positions and added to my Internet stocks. That was couple of weeks ago and I gain almost 30% since. By the way I also bought KLB last week for $4 and it's trading around $20 today, expect the same and larger gain to happen to FNTN. One more thing about Internet stocks I learned - sell fast when the price goes sharply down, re-buy later and re-evaluate often. Radim

To: Fredman who wrote (137)	7/7/1998 11:28:00 AM
From: The Philosopher	Read Replies (2) \| Respond to of 15313

I'll answer your question after you explain to me why people buy lottery tickets when any rational person knows that the game is stacked and the average player will never recover their purchase money. For many people, the market is psychology, not rationality. Warren Buffett is an exception -- were I a betting man I would bet he has never bought a lottery ticket in his life. People are buying hope, and the few well publicized lottery winners (Microsoft, Intel, both available CHEAP 15 or so years ago) get people drooling.