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

To: Bill Fortune III who wrote (364)	7/12/1998 2:46:00 PM
From: don roberson	Read Replies (2) \| Respond to of 15313

Regards to my postings from "historical posts" of some very successful stocks: As you all can see, many of the "fundamentals" were negative, much technology was coming out that could take over, and many big players were out that "may" have been big contenders in the market: But the stocks continued to rise, and the companies continued to grow. BUT few people, if you took a count, stayed in on the run up. They all got nervous, and got emotional, and were tossed and turned with the daily stock price gyrations. We speak of Warren Buffet. If you look at his stock holdings, I'm sure you would see that his major stock, the one that made the big difference in his success, was COKE. We all know that $1000 invested in COKE 15 years ago would be worth about $75,000 today. Warren Buffet liked the product (COKE), and he liked the management, and he believed in them being able to stay competitive and be innovative. I think Mr. Buffet would tell you if asked, that there was no way he ever imagined that COKE would perform like it did. He could never predict the strange twists, and market plays COKE and a very sharp CEO would take. He just liked the basic concept. But yet people follow him like a "GURU" of investments. he will admit, and has so, that a lot of luck was involved. So those folks that stayed with AOL, AMAZON, and the rest. They took a chance on the concept, in spite of the FUNDAMENTALs, and won, because they believed in the idea, and stood the course. It was the market place and the innovation of management that took the stocks to their heights. The CEO of AOL has been called a SCAM artist, Con artist, etc. etc. etc. on the SI chat sites. And countless magazine articles came out wondering if AOL could continue to succeed. It was the CEOs imagination, innovation, and the quirks of the marketplace that made people rich. NOTHING they could have predicted from the onset. We here at FNTN are in the same position. Initial fundamentals will mean nothing to the future success of this company. If its a great idea, great product, and innovative management, and with a little luck, we will be very happy. But we all have to be willing to "take that chance", take that "leap of faith". So far the product looks good, the concept looks good, and the managment and support groups have a good track record. Some here will jump out at the first jump in price, and others will hold on, but jump out later, and so it goes. And if fate blesses this company and it turns into an AOL success, only a few of us here now, will be here to collect all the "tomatos". Everyone has a different level of risk, and threshold for anxiety. And as our profits grow, it will become harder to stay the course, because we will not want to lose what we have gained. The higher the stock goes, the more we will all have to lose. The biggest tests for us are yet to come.