Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: VANTAGE who wrote (8015)	11/12/1998 7:22:00 PM
From: Bill Fortune III	Read Replies (1) \| Respond to of 15313

Greetings everyone. Well Tuesday and Wednesday we pretty lousy days for FNTN and I don't really have any idea why. As I like to use charts as I follow my stocks I would like to share my thoughts as to what two of them are saying about FNTN even after Tuesday & Wednesday. The MACD (Moving Average Convergence/Divergence) indicator shows the relationship between two moving averages of prices. MACD is derived by dividing one moving average by another. It is based on the point spread difference between two exponential moving averages (EMA) of the closing price. The basic MACD trading rule is to sell when the MACD falls below its signal line and to buy when the MACD rises above its signal line. I FEEL THAT THE MACD IS CONTINUING TO POINT TO BUYING FNTN IN THAT IT IS STILL ABOVE THE STRIKE POINT AS THE CHART BELOW SHOWS. bigcharts.com The Momentum indicator measures the amount that a security's price has changed over a given time span. The Momentum indicator displays the rate of change as a ratio. The Momentum indicator can be used as a trend- following oscillator or as a leading indicator. Used as a trend-following oscillator, technical analysts typically buy when the indicator bottoms and turns up and sell when the indicator peaks and turns down. If the Momentum indicator reaches extremely high values and then turns down, you should assume prices will probably go still higher. IN REGARDS TO MOMENTUM, IT APPEARS THE INDICATOR (SEE CHART BELOW) REACHED “EXTREMELY HIGH VALUES” AND THEN TURNED DOWN WHICH LEAD ME TO BELIEVE ON THE PARAGRAPH ABOVE THE ONE CAN ASSUME THE PRICE WILL SILL GO HIGHER. bigcharts.com With last Friday's volume being over 775,000 (see chart below) and the stock moving up 0.152 on the day, and Monday's volume being over 530,000 with an additional increase of 0.038 to 0.93 this was a total rise of 0.38 or 63% over it's close on Oct. 30 of 0.57. So it is my belief the Tuesday and Wednesday were nothing more then profit taking days for those who bought in at 0.57 or less back in mid-Oct. DATE CLOSE HIGH LOW OPEN VOL 11/11/98 0.7600 0.8120 0.7300 0.8120 99,800 11/10/98 0.8000 0.9400 0.7800 0.9400 116,400 11/9/98 0.9300 1.0000 0.8500 0.9500 530,800 11/6/98 0.8920 1.0000 0.7200 0.7300 775,100 11/5/98 0.7400 0.7400 0.7200 0.7300 12,500 11/4/98 0.6800 0.6800 0.5900 0.5900 288,900 11/3/98 0.6300 0.6300 0.5900 0.5900 86,800 11/2/98 0.6000 0.6100 0.5900 0.6100 30,300 10/30/98 0.5700 0.5300 0.6000 0.6100 187,700 Remember these are only my thoughts on two charts. But I believe FNTN could stay flat for the next couple of trading sessions then possibly return to an upward trend. Best regards, Bill Fortune III