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


To: T.M.K. who wrote (7917)11/9/1998 2:01:00 PM
From: VANTAGE  Read Replies (1) | Respond to of 15313
 
The price of FNTN has a history of reacting very slowly when it comes to positive news. In the past there have cases of a couple of days between the move up and the news. Prearranged?, I wonder.



To: T.M.K. who wrote (7917)11/9/1998 2:09:00 PM
From: Wally  Respond to of 15313
 
TMK: It is a curiously tight spread - and a VERY controlled top end.
I don't know enough to even guess at the cause, but this is a different pattern. Maybe somebody out there has an answer or theory.

Wally



To: T.M.K. who wrote (7917)11/9/1998 2:11:00 PM
From: Bill Fortune III  Read Replies (1) | Respond to of 15313
 
Hello TMK:

My take on the bid/ask is that the market makers are holding down the bid in that they are the ones who are in control. I have seen some ask prices so far today as high as $1.10 and bid prices as low as $0.56. MM are the ones who set the overall tone for BB stocks. I also believe that the close spread of only 0.01 means that there are not a lot of loose shares to be bought at the moment. Just my opinion.

Best regards,

Bill Fortune III