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

To: James P Anderson who wrote (8060)	11/14/1998 11:21:00 AM
From: Bill Fortune III	Read Replies (1) \| Respond to of 15313

Greetings Mr. Anderson. I for one will join your club. The club who's members seem to always sell too soon, buy in at the highs, sell at the lows and in some cases never take a chance at all. The one thing that many investors forget to do is to average sell (as I call it) a part of their holdings when a stock takes a large jump. They seem to ride it up and all the way back down. I have made this mistake many times and most likely will do so many times in the future. Lets assume a person had 5,000 shares of FNTN with a cost of say 0.80 per share with a total investment of $4,000. When it got near $2 they had sold 2,500 of it for say 1.80 or $4,500. They would have a $500 gain over their total investment on all 5,000 shares. So in essence that investor would have no investment dollars in remaining 2,500 shares. Then say they had bought back the 2,500 shares they sold at 0.41 on 10/20/98 for an investment cost of $1,025? Now they own 5,000 shares with a per share cost basis of only 0.205. If I would follow this concept all the time I would have many times more dollars then I now do. Sometimes though I really believe in a stock such as FNTN and will hold it for the long term believing that the upside potential is very great and will to take a chance on holding it until it hits my strike price. Then I will sell one half of the shares and see what happens. In the case of FNTN I have set my personal strike price at $10.00. Yes, JP I sometimes would like to cry over the things that I have done wrong in the past, but this would serve no useful purpose. However I do try and learn a little from each mistake and move forward, as I am sure you do too. I believe the best teacher is the mistakes we make and learn from. And you are right that sudden riches come to few investors. For the prudent investor slow steady investing in good quality stocks for the most part is what helps build future wealth. Best regards, Bill Fortune III