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

To: Greg Hodges who wrote (3694)	8/17/1998 7:05:00 AM
From: TechnoWiz	Read Replies (1) \| Respond to of 15313

Good Morning Greg: I try to send out the 'Financial Intelligence' report every night and sometimes I will send out an intra-day update, although it's not always possible, so there is no set schedule as it tends to be market driven. I should add that the Time Price Opportunity count was quite bullish on the Dow and S&P, Friday. This does not necessarily mean that a turnaround will occur today, but usually implies that a turnaround is hours, if not days away from occurring. FNTN appears to be basing out nicely and its TPO count has gone positive again, a very encouraging sign, as the accretive count remains exceedingly bullish. We did generate an interim buy signal by the close on Friday, which tends to support the idea that we are forming a pennant or flag formation in this new range. It also appears to be tracing out a minor truncated version of the correction that occurred between May and mid-July. Obviously, a break back up from these levels to emulate the previous breakout, would have to be viewed as exceedingly bullish and might also be in tune with the strong upward momentum that has already been displayed by this issue and could potentially imply a vigorous resumption or under the most bullish of scenarios, a commencement of the third wave... Given the expected news releases that could hit any time, this profile appears to 'fit the picture' and now with the news of the first of (probably) many massive Intranet expenditure programs by the World's leading corporations, it tends to underpin Financial Intranet's potential to garner at least some of this emerging and unexpectedly large corporate Intranet / Extranet business. If GE plans to spend $5 billion, then could Worldwide capital investment in this area approach $100 Billion? If just 0.1%, (one tenth of one percent), of this business were to flow FNTN's way, it would represent a huge amount of work for the company. Given the backing of its strategic alliances and its ability to potentially deliver a far superior product, (and perhaps at highly competitive prices), this might turn out to be closer to 1% or a lot more than the wishbone of pickings that many might expect gets thrown their way. Something to think about? Have a good day Rgds Wiz