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

To: Robert Ague who wrote (4172)	8/22/1998 8:12:00 PM
From: Cliff D.	Read Replies (1) \| Respond to of 15313

trends, weird numbers, cycles, retraces, similarities and more All of the following are my observations and are not meant to sway in any positive or negative direction. If these are duplications, sorry. Here we go: On my chart, on April 21 the stock price crossed its 89 day ma leaving the .27 base behind, it rose to a high close of .85 (3.1 times higher than the old base) just 10 trading days later. A 1/3 correction of that gap would be back to about .655 but eventually it found a good base around .62 which was about a 40% correction of that 58 cent gap. The .62 price is 2.3 times higher than the old base of .27. The price hung around there 'til about 17 July (pretty much 3 mos. later) when it crossed the 89 day ma and it was the last day to close in the .60's, it rose to a high close of 1.93 (3.1 times higher than the old base, weird) 15 trading days later. A 1/3 correction of that 1.31 gap would be back to about 1.49 but a 40% correction takes it down to 1.41 which oddly enough would be 2.27 times higher than the old base of .62. Also, on 19 May the closing price was .58, down 21.6% from the previous day, pretty tough to take. That's kinda similar to 20 Aug.'s closing price drop to 1.2 down 14.2%, I think these are the two biggest losing days recently and they're almost a perfect 3 mos. apart, as are many items on this chart (3 mos. apart). I am NOT a TA genius, not even close, don't know all the terms and certainly don't have the experience that others have, but i do find all this extremely interesting. I would appreciate any and all criticism on any of this and apologize for wasting space if all this is just blatantly obvious to everyone. At the very least could someone smart and more wordly tell me why the similarities and if they've seen this before. Here's how smart I am, I called home on Fri. and asked my lovely Bride if she had checked the price of FNTN, she said yeah it's 1.02, I said "Good Lord, sell it right now" she said no, it will come back up. I was completely surprised to come home and find the price where it is, and I've been hearing it all weekend. Thanks, Cliff PS--Robert, you and I have something in common, you know a guy named "Slammer".