To: Radim Parchansky who wrote (140 ) 7/7/1998 2:41:00 AM From: TechnoWiz Read Replies (1) | Respond to of 15313
Evening Radim: Very succinctly put. The very fact that majority of people are puzzled and have been constantly questioning the validity of these investments all year, having to watch in awe as they have continued to move higher and higher, is testimony enough to the fact that the most dangerous markets to be short in, are the one's that are moving on no news, or for other seemingly inexplicable reasons. Your explanation tonight reveals just a few aspects of what is really influencing this sector. There are probably many other more plausible explanations that will eventually trickle out over time. I think your comments re FNTN are entirely appropriate - Nothing is impossible in this market, but as the former holder of KLB stock, who sold you his shares to you, now knows only too well - through his own ineptitude, he transferred to you, his fortune. We've seen this same video play over and over again, first back in April prior to the first buying onslaught and now during this even more powerful tidal wave of buying, such as was witnessed today. The fact of the matter is that just two weeks ago 'The Audio Book Club', KLB, was looking sad and beaten up, having taken an un-merciful pounding from 13 down almost to 3, which just happened to be a new low for the year and its all time low. So anyone could be excused for selling out after taking that kind of punishment. The only clue that something big might happen, was the fact that this was an Internet related stock, a book or publishing related stock, which has suddenly become very hot and from a technical standpoint a very dynamic structure and profile. In all honesty, I doubt if anyone in their wildest dreams, including yourself, imagined that this one would go so far, so fast, from near new lows at $4 to dramatic new all time highs at $19 in just three trading days. This is the reason why FNTN is worth sticking with through thick and thin. With over 63 million shares traded in this issue to date, it has already penetrated the Investment World quite impressively, with its fair share of International owners, perhaps as high as one million shares. Thanks to the great support on these threads, FNTN throws up a whole lot more than a respectable torrent of info on any I-search. So, in my opinion, it's only a matter of time before major forces are brought to bear, as the search to find the next mover intensifies. As most of us here have already concluded, the unusual potential this stock holds, will likely be recognized, appreciated and acted upon with a similar fury that we have seen experienced in many inferior issues today. It would indeed be a curious twist of fate, if FNTN were to suddenly be 'discovered' and bid high enough to shed its former life in the $5 and under 'category' to its rightful price of over $5 and live up to its new name as 'The Next Generation Web Stock Winner'. Believe me, if a big money loser like KLB can go from $4 to $20 in just three days, anything's possible... Enjoy Jamaica Rgds to all Wiz