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


To: don roberson who wrote (701)7/19/1998 3:06:00 PM
From: dharampal luthra  Read Replies (1) | Respond to of 15313
 
Don and all, I know relatively little about TA but I read a book by the founder of Investors Business Daily, William O'Neill, in which he asks the readers to look for formation of "cup with handle". He says that when you find that, you have found money. This formation will be achieved as FNTN reaches 0.90 which could happen with the debut of the web-site which could happen any time now. I have seen this phenomenon with some other stocks and seems to work more times than not.
Mr O'Neill continues in that book to suggest that in your approach you should build inverted triangles, meaning that you buy more as price rises.