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

To: vjoe who wrote (1763)	7/23/1998 9:57:00 PM
From: don roberson	Read Replies (2) \| Respond to of 15313

Joe. Excellent way of looking at it. Its all a matter of perspective. And you are right. Considering where we were just a few days ago............ I'm afraid many of our folks bailed out. Its still the same stock and company. I hope they realize their error and reconsider. Sure wouldn't want to look at this a few months from now and tell myself that I was once in it when it was under $2.

To: vjoe who wrote (1763)	7/23/1998 10:15:00 PM
From: Kevin McKenzie	Read Replies (3) \| Respond to of 15313

Excellent point!!! My mindset is that of a trader; I'm trying very hard to keep this stock long term, but it's hard to watch a 40% one day profit evaporate (that's a trader mentality). When I trade a stock, I continuously evaluate the stock as a potential buy/sell candidate. I constantly ask myself "would I buy the stock right now?" If that answer is no, I sell. Another way to look at it is, if you didn't sell FTNT at 2 1/8, then you effectively bought it at 2 1/8, because you determined that it was worth more (I use 2 1/8, not 2 1/4, because only the MM got 2 1/4 today). However, what I just described is a trader mentality. If you are truly an investor in FTNT, you will not watch it day to day. You shouldn't care if it hit 2, 4 or 10 or if it went to .25. You should care much more about the soundness of FTNT's business model and their progress toward realizing their business goals. Joe, your point is great. I only disagree with you in one regard: there is a significant short term psychological (and probably technical) difference between a stock steadily rising from .80 to 1.01 to 1.40 and one which gaps shoots from .8 to 1.46 one day, then gaps to 1.72, hits 2.25 and falls back to 1.40. The worst part of this movement (short term, mind you) is that you now have tens of thousands of shares in the hands of people who bought well above today's close. Some of these people are now only concerned with re-couping their losses, and so there will be sellers from here all the way up to the low 2's. Like I said, the above is a short-term trading consideration. If you are a long term holder, you should not care whether the stock is up or down on a short term time frame (easier said than done). If you look at some of the posts from yesterday (after the big move up) you can tell that even the long term holders are concerned with short term movements, it's hard not to be. If you get really excited by a one day gain, then you will get correspondingly disappointed by a one day loss. If you are truly a long term holder of FTNT, you will follow the advice of some of the other posters and completely ignore its day-to-day viscissitudes. Try an experiment and don't look at the price for an entire week. If you can't do that, then you aren't an investor, your a would be trader. Do you think Buffett agonizes over every up and down tick of his holdings? Of course this is all my opinion. I don't use the "IMO" qualifier, because everything on SI is opinion. Anyway, try the experiment to see if your're an investor or a trader. I, for one, can't bring myself to turn the quotes off. It's a vice.