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: don roberson who wrote (8152)	11/19/1998 12:37:00 AM
From: dharampal luthra	Read Replies (2) \| Respond to of 15313

Hi All, A considered thought from my Seattle camp. The trading patterns of past few days is very indicative, in my opinion, of an orchestrated attempt by some big-guns trying to acquire a huge chunk of FNTN at as low a price as possible. With stock acquisition, this stock price price rises diabolically so the buying stops and is followed by a few small bursts of sell-offs designed to lure the holders to sell with them. It goes on till other buyers join in because of low price. The big guns then buy fast and hard to stay ahead of the small time investors. Over a million shares have exchanged hands this way. In the absence of news this pattern is likely to continue for a short time. Once we overcome resistance to the $2.25 level (called the overhang because many of us bought at upto those levels) this stock will be in the free to rise territory because the sellers will be forced to join in exactly at the time new buyers will stream in. This should then take us to the NASDAQ. I already have heavy money friends waiting for it to show a definitive sign of being listed on NASDAQ before they would jump in. These friends simply do not invest in BBs but are watching this stock like hawks. Again the disclaimer that it is my opinion and nothing more. Do your due diligence on this stock before investing. Harry The Lurkers Corner, discontinued in the first week of October is returning in January or sooner as I get done with squaring away a lot of computer illiterates who had made a mess of a packaged software installation in Seattle and are now finding their way home safely and profitably. Their problems here, which created a tremendous opportunity for me in management consulting, were all small but very critical to their success and already the damage control is completed and as soon as I build some controls to keep the problems at bay, I go home. Before I leave, I may tell them about FNTN. Have a great Thanksgiving next week, Harry