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


To: don roberson who wrote (760)7/20/1998 3:00:00 PM
From: don roberson  Respond to of 15313
 
.74 at 483K.



To: don roberson who wrote (760)7/20/1998 3:05:00 PM
From: Tomato Man  Respond to of 15313
 
don, I love ya, buddy! I am in complete agreement with you on all points, but the reality is we are in the BB cesspool and things will be a little dicey before we clear the bowl, which I do not think will be long at all.

Keep those good thoughts.

Tomato Man



To: don roberson who wrote (760)7/20/1998 3:07:00 PM
From: Wally  Read Replies (1) | Respond to of 15313
 
Don: Okay okay! Enough!I'm holding!
But it'll be YOUR fault if it only goes up to $30 and then falls back to $25 and I'm left hold all my shares.
Gee, I hope we have you to blame for that, Don!
Wally



To: don roberson who wrote (760)7/20/1998 3:49:00 PM
From: Michael Baron  Read Replies (1) | Respond to of 15313
 
Don, you surely qualify for the title of "Master of Aversive Conditioning" in the sold-too-early category, buddy.

Long time back (a couple months, at least) we discussed the impatience and addictive need for ACTION! that drives investors in fundamentally great companies to sell just before the rise. "If I'd only...", "I should have held...", etc.

Just keep relating those stories of night sweats, self-reproach, and regret. If you keep this up we'll end up removing that "Sell" button from the keyboard!

Staunchly,
M.



To: don roberson who wrote (760)7/20/1998 4:56:00 PM
From: Michael T Currie  Read Replies (2) | Respond to of 15313
 
> This isn't any ole BB stock where we are waitng for a few lousy dollar uptick to move on and get into some other CRAP. WAKE UP. TAKE THE CHANCE. HOLD THE COURSE. Or else you'll be one of those that wake up screaming in the night, as you dream about hitting that SELL button on your computer.

For all of you who are thinking about selling, please look at this link:

quote.yahoo.com

For several months, I had held a small position (10,000 shares) in CYGS at an average of $0.28. The price started to rise at the end of June. I sold my entire position on July 7 at $1 3/8 when the price started coming down and the volume was drying up. Smart move, nice gain, right? Well, maybe, but CYGS closed at $3 9/32 today. Now, the point is not to plug CYGS - especially since I think it is somewhat overbought now - nor is my motive to boast about my profits, which in the overall scheme of things are better than a poke in the eye but will not allow me to retire in the near future. No, the point is that the price movement of CYGS is a graphic illustration of what happens to a stock that is in demand and shares a fundamental similarity to FNTN - low float. The sudden rise attracted the daytraders and volume was very high for a time. Some folks, like myself, took the opportunity to lock in profits and sold all or a portion of their holdings. This left the stock in hands that were not selling, at least not yet., so the small float allowed the overall upward trend to continue even at much lower volumes. Today saw a second round of daytrading, I think, with high volumes again and nearly a 50% increase in price.

Am I kicking myself? Absolutely, but I bought another piece of FNTN this morning at $0.71 with some of the proceeds. Etrade had to split my relatively small order to fill it, even though I had set a limit at the ask. 10,000 shares took more than 10 minutes to execute! There is no doubt in my mind that shares are in short supply. I think we can look forward to more of the same - or better - if the company can execute their business plan in a reasonable amount of time.

Mike