To: Wally who wrote (4284 ) 8/24/1998 8:02:00 PM From: Radim Parchansky Read Replies (1) | Respond to of 15313
Wally, As I said couple of months ago, once the stock price goes up and it becomes more visible, MM's and a like are going to get on this one. You can see it on SI as well, everybody (with knowledge) knows that FNTN is closer then ever to start doing business, a far cry from just waiting for their new web site. Seems like every time the stock has leveled price, negative messages start to take over (I wonder about the stock positions of such posters), then MM's or a like start to lower the bid price, selling takes over... I have also posted on Friday that quick recovery is what we need which would indicate MM's just driving the price down without fundamentals changed. This happened and so it shows FNTN is not "pump & dump" stock (very important IMO). Even though the price has not increased substantially (well this is relative) from the high in April (.9) FNTN visibility among investors has increased, which is very important and will reflect in tight spread during up move based on PR... For now, FNTN needs to watch out for MM games more then ever. With the first rumor, the price can go up too fast and too much and then possible quick dumping can occur, as we saw recently from 1.99 to .98. Steady, slower up move based on real PR is what will keep the stock on the right track. FNTN management does not seem to release some "no substance" news, which is quickly seen as a very bad sign and does more harm then good. So far the price moved in three months intervals, which just shows that the business takes a while to build up. Kevin's web site is just incredible source of quality information and really puts all in perspective. My target is still 3-4 this year (about double from now) with highs around 5. As the price goes up it will be more subject to market forces outside of FNTN itself, which I take as a good sign as well (being one of "the" stocks). Also some of the TA will start to make more sense then, since FNTN will not be solely driven by PR. Radim