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


To: Bill Fortune III who wrote (7934)11/9/1998 11:54:00 PM
From: Wally  Read Replies (2) | Respond to of 15313
 
Bill: It's great to see your typing again. Welcome back. You were greatly missed and IMO, you couldn't have rejoined us at a more pleasant time.
Until today I would have said you could forget The Street.
Nobody was going to pay attention to our little BB.
Not anymore.
Today was an attention getter.
Here's my fantasy (by all means, tell me if you think it's implausible).
No big brokerage firm could afford to recommend FNTN at a buck per share without running the risk of owning the company outright, but I believe that some high-risk speculating fund/ person will read between the lines of today's announcement and start accumulating hundreds of thousands of shares in safe and subtle blocks of 20,000 or less.
The available stock will be there and will remain relatively cheap since many people will sell when the stock goes over a dollar, and again at 1.50 and 1.75 to recoup inflated investments made on the last rise.. and somebody will be buying all along. I honestly don't think the stock will soar to 2.00. I think it will base and creep its way back to 2.00 over the next 45 days - then it will start to explode on news of reporting status, earnings and perhaps a few surprise announcements.
Have I had too much wine?
Wally