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

To: The Street who wrote (1247)	7/22/1998 5:42:00 PM
From: Markus	Respond to of 15313

Do any of you think that FNTN may wait a little longer for the press release and website release due to the run-up? Just a thought Markus

To: The Street who wrote (1247)	7/22/1998 6:04:00 PM
From: Michael Baron	Read Replies (1) \| Respond to of 15313

The beauty part of this stock is also: 11 million in float, with almost (maybe actually by close today!) 6 million shares reported to SI member Luthra held by professed longs. This is one reason why the trades are reported slow and fractional; fills are hard to come by when you have to wrest them from a bunch that kicks and screams when "quick profits" are mentioned. If you put in a market order, hold onto your socks; you may be surprised what you have to pay. This is upward pressure. Yes, daytraders and shorts will enter; daytraders will make money because the momentum is there; I don't know if shorts will, until the share price is substantially higher and the fluctuation, even as a smaller percentage of that higher price, leaves a bigger window for them to operate in. Some sells happened just after 3pm and the price dropped to ~1.27, then bounced back instantly to ~1.45. There's just too much upward pressure at this point to be sure you can sell and buy cheaper, later. Longs who cash out may not be able to get back in. The scenario at this point is one of accumulation, new money coming in, and hanging tough for the real profits. And they are not yet up and running the whole megillah yet... AND, all this for the price of TWO Hershey bars... M.