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


To: Wally who wrote (3980)8/20/1998 7:09:00 PM
From: Radim Parchansky  Read Replies (1) | Respond to of 15313
 
If there is no good news soon, the price can drop to .8 or so. There was accumulation at .6 for a long time and protecting 100% gains will drive the price down. For BB stocks once there is significant drop the comeback is difficult. If we on the other hand see quick comeback to 1.5-1.6 the steady up trend can continue. The longer we have down slide the longer the price will stay lower. This is still very much news driven and therefore situation can change fast but any bad news will now drive it down faster. BB stocks shut up fast but when they go down, sometimes (often) they become unlisted.
If the stock is in 1-1.5 range this year w/o drops bellow that and business is progressing this would be great time to accumulate. FNTN is not in selling CD's or Books, their contracts will take a while but their targeted market is as good as it gets. Being (stock) steady is the key IMO and steady is also what MM's don't like, they make money on fluctuations.