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


To: RavenCrazy who wrote (1713)7/23/1998 6:18:00 PM
From: DayTraderKidd  Read Replies (2) | Respond to of 15313
 
I think that right now everyone on this thread has the blues. Hopefully more will start talking again tonight.



To: RavenCrazy who wrote (1713)7/23/1998 6:44:00 PM
From: Wally  Read Replies (1) | Respond to of 15313
 
Raven: Of course, I have no way of knowing if there will be news tomorrow - even an educated guess is next to impossible. So I choose to playfully muse over the possibilities and guess - like everyone else.
IMO - If I were FNTN management (and I'm NOT) I would seriously consider a way to quell the wild price fluctuation with a teaser or two on Friday. My thought would be to not give folks to much time (an entire weekend) to think in the dark - without valid information. Even though we're way up from Monday, the games today left an uneasiness with many investors. Remember, most investors don't have the fortitude to stay the course. I would rather have my stock base at over a dollar and capable of going right back to 2.25 when making announcements. The stock currently has that kind of volatility. If the stock is freely allowed to fall quietly back to .60 or .80 cents the wild momentum may be harder to reproduce.
On the other hand (to play Devil's Advocate), I see three good arguments for <n>not</> releasing news right now.
1. Playing off of volatility may significantly raise the price, but if it is a prematurely high figure, the stock may naturally return to it's proper levels at this stage of development (whever that is). So why bother?
2. Michael Sheppard (to his undying credit) is not one to hype his stock or waver from his deliberate and careful pace. He may just feel that it will happen when it's supposed to happen and not let MMs and other tangential thorns become real obstacles.
3. We're investors - we're nervous - Michael Sheppard is calm . and in the LONG run, FNTN fully expects to see their tried & true supporters prosper with them!
Wally