Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Norms who wrote (1736)	7/23/1998 7:49:00 PM
From: don roberson	Read Replies (3) \| Respond to of 15313

Has anyone felt kind of "itchy" lately? I think "they" have arrived. Not in big numbers, but soon more will come. Folks. Look what the entire market did. Fell almost 200 points. Dont you think that had just a "wee bit" of an effect on all stocks? Strap on your depends, sit back, watch the show. Dan and I have plenty of popcorn and will be glad to share it. FNTN had a correction just like the market did. Some will go screaming for the exits. Others will sit and watch the panic, as folks trample themselves trying to get out. Then they'll throw the "gang" out that hollered "FIRE".

To: Norms who wrote (1736)	7/23/1998 10:16:00 PM
From: Ariella	Read Replies (5) \| Respond to of 15313

Norms - I bought heavy into FNTN during the April spike (it was my birthday....feeling giddy I suppose ;-) For the next two months I hoped I hadn't made a mistake as I watched my investment shrink sometimes up to 40%. I studied the charts over and over in addition to learning about the fundamentals. I came up with a trading theory and am testing it out during this spike. So I'm interested to see you make a comparison between PNLK and FNTN. Use the SI charting feature on the navigation bar and chart both stocks together for 100 days. You'll see that mid April both went north, PNLK more of a rocket. Lately a divergence -- we rocket up, PNLK does not. Lots of people compared FNTN to a rocket the past couple of days. If you're going to compare it to PNLK, though, remember to say that PNLK is now $1.50. Maybe it's not so bad to consider jumping off rockets occasionally. (I know that lots of long-time FNTN fans have tried that and regretted, but it's really tough to do when the stock is 25 cents a share -- too little maneuvering room -- and easier at higher prices.) The problem is to know when to leap. I have found two helpful indicators: a) the RG factor. RG = relative giddiness on Internet threads. What a gay lot we have been the past few days! Jokes, caviar, hilarity -- some from me because I was sure enjoying myself (weren't we all?) But then a long-time FNTN fan posted a note that she was thinking of selling some shares when the share price reached 2.25 (odd how that ended up being the high for the day!) and a while later a newbie posted a note saying he or she had bought and by the way what business was FNTN in? Wow, did that second note scare me! Is that person playing with next week's lunch money or real money and, if the first, do I want their investing style to influence mine? No kidding -- the froth in the beer is really developing when you see a post like that one. b) the second indicator is the stock's own historical trading pattern. This morning I posted the heavy volume days for FNTN for the past 52 weeks. AOL gives charts that show the low/high/close for the day. What's readily apparent this past year is that the spikes for FNTN end when the final day sees strong volume with a close that's closer to the intraday low than the intraday high. The day after such a trading scenario, the stock has gotten punched down hard. In October 1997 there was a 4 day spike. The day after above scenario, the stock ranged in price from .56 to .05 and closed at .46 (Bet the guys who sold in single digits that day wanted to bang their heads against the wall after the close.) In January there was a one day spike followed by two down days with a range from .48 to .31. In April the spike went for 6 days, hitting a high of .94, but the "day after" saw the hi/lo of .87/.60 with a close of .79. ALL of the spike periods were followed by consolidation. What this pattern suggests is that tomorrow the stock will get punched down hard, perhaps under $1.00 and may stabilize in the $1.10-$1.25 area. If you're long-term and don't mind the volatility, stand pat. If you're a daytrader, grab 'em while it seems nobody else wants 'em. If you're a short, don't stick around too long while you're having fun tomorrow. If you're a long-termer, but wanted more shares without putting up more capital, you should have sold today (I did) and remember to buy back tomorrow. Best rule I ever learned on the Street -- you have to sell your shares when other people want them, not when you feel like selling them. I opened my parachute today at lunchtime and began to protect my original capital at 2.18/share. The MMs played so fast and furious, I went and sold the whole 30,000 in small chunks, averaging out between 1.90 and 2.00. That was a 110% gain from April, so no matter what happens, I have no complaints. Best rule I've learned since using the Internet to follow my investments: don't confuse wanting to belong to the Club (i.e., the thread) and to be "loyal" to it with making cold-blooded investment decisions. The folks on this thread are the best anywhere on SI -- helpful, upbeat, funny, wonderful -- but their eyes are down the pike 6 months, 2 years, etc. If you've got a shorter investment time frame (and why not? I had my shares in a tax-deferred account and don't need long-term status to take profits), remember that one shoe doesn't fit all. Hoping to be long again tomorrow, Ariella P.S. By the way, the MMs in this stock are murder -- they moved the bid away from my initial limit order then bagged me 18 cents lower on my market order which took over SIX MINUTES! to fill. My broker fought with them and got the price adjusted upward, but they're another reason I think the bottom will drop out temporarily in the morning. P.P.S. I hope this degree of honesty doesn't bust me from the FNTN group. The core group here is filled with really nice people ;-) who I hope will be really rich nice people in 1999.