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


To: The Philosopher who wrote (568)7/15/1998 8:54:00 PM
From: don roberson  Respond to of 15313
 
Yes, great post TW. Also, I'd hate to try and play this stock for a small pittance play on a decline. These stocks are too volatile, and volatile on the upswing. And another poster that said being away from this monitor has helped immensely. Please, people. He is right. Pull yourself away, for the wait. I preach to myself also. Take a weekend away, or go to a movie, but try and keep the anxiety low. Horrible mistakes are made because ones mind starts getting paranoid. I thank our lucky stars that because of the low profile of this site, the trashers, bashers and MMs have been almost totally absent. Because they do work on the mind, and the can make one make a bad decision.



To: The Philosopher who wrote (568)7/15/1998 10:49:00 PM
From: TechnoWiz  Read Replies (1) | Respond to of 15313
 
Thanks Chris: Perhaps I did not punctuate the point enough: In Elliot Wave analysis terms, the third wave is always the longest and strongest and therefore this move may
be characteristically different and more potent than previous moves. Time will tell...

As far as my reasoning for buying here, I could be wrong, but experience has taught me that, when it looks like the real thing, it usually is. Trading pennant breakouts can be a difficult and gnawing experience, you've just got to have the resolve and stay the course.

For instance, I've been stalking Eastman Kodak's pennant formation for the last week or so, because I just knew in my heart that this was going to roar higher, once it broke out. Yesterday, the Dow had one of it's biggest up moves all year and EK didn't even move!

Today Kodak was the stock of the moment and was everywhere on Wall Street's lips, gapping higher by $6 and closing up $8 3/4 from yesterday's close and a full $10 higher than the previous range.

When you see these things, you've just got to believe in them and act accordingly with the appropriate amount of courage and patience to see it all through to the conclusion.

Best Rgds

Wiz