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


To: De Peepster who wrote (3170)8/7/1998 11:19:00 PM
From: Robert Ague  Read Replies (3) | Respond to of 15313
 
DP,

Thanks for the thoughts. I already hold a good chunk between 0.62 and 0.80. I was trying to get more below 2 bones before the "expected" run. I had 3 different orders placed.

I guess 10,000 * 1 7/8 =$18750, but 10,000 * 1 15/16 (on Mon?)=$19,375. Difference is only $625. The way we've been going, a 6% gain would take care of the "lost" profit, 1-2 days of trading. That would occur easily with some news. $2 is a tough barrier so far to close above.

I'm not convinced about Mon news release a few are posting about. I think it will be "in due time" by Mike. I hope it is Mon (after I buy), but a)some will sell into the news and b)if no news is released, everyday that passes will make a few hands weaker. Does anyone have a link of post to referring to FNTN making an Intranet announcement on Monday or is it bunk? I know it will happen in August, but I didn't think dates were pegged.

My plan is to continue to load up with shares and wait until the fall to summer to assess financials and contract news. Realize, it will not take long if FNTN can get past the $4-5 range. Funds would start looking closer and bigger fish may come looking. There are many examples of small stocks like this tanking b/c people are overly exhuberant for action, but a few others are loaded with liquid nitro and explode off the launch pad.

I am uneasy not buying more at the market today. The TA on these OTC BB issues is difficult b/c of the MM trading is an unknown variable. They bid 1.80 for most of the day, but ask over 1.90. Shares must be tight. Money flow looking good. Maybe they will leave this stock alone and let it run for a while?

OT +++ What a shame Americans (or anyone for that matter) cannot be safe in this world. I guess it keeps guys like me in a job.

Rob