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

To: Wally who wrote (8900)	12/16/1998 9:34:00 PM
From: TechnoWiz	Read Replies (3) \| Respond to of 15313

Wally: With all due respect, I am humbled by your knowledge and expertise in your field of Multi-media and Video and all the valuable info that you have imparted to this thread. Your comment about the 12,700 odd shares followed by a voluminous reversal of 477,300 and positive close, does somewhat resemble the quiet action of April 7 of this year, before FNTN took off from its long nine month mega-base built at lower levels. There's an old adage: Never sell dull markets. Usually precede a sharp change in trend. Today was a fairly unique day in the history of Financial Intranet, not just for the fact of making a great announcement, but in the way that announcement was received by the marketplace. Early in the session, possibly even before many were aware of this announcement, there was a severe tree shaking as FNTN registered about 120,000 shares of down volume before stopping dead in its tracks and reversing. Suddenly, there was a flurry of intense buying as the selling rapidly dried up around the time of my second post today at about 1.10 pm: Message 6861091 The buying had already overwhelmed all of the selling, as evidenced by the up-volume exceeding the down-volume by that time and it was clear that this trend would continue completing a very strong, text-book volume reversal going into the close. Seldom have I felt more bullish on a stock after seeing this kind of action. The most important part of this technical development was the very successful test of the downside of the new base that is building between .75c and $1.00, that some have also pointed out, could be the right side shoulder of a reverse head and shoulders bottom. Remember there is another old adage that has been particularly true in the case of some of Financial Intranet's previous sensational breakouts: "The longer the base the bigger the breakout and ensuing up-move". Given the dimensions of the current reverse H&S structure, the eventual move up could be both surprisingly sharp and extended, with a minimum expectation of reaching the previous important value area that was established in the range of $1.75 to $2.00, back in July and August. A potential consolidation within this new area could pave the way for an eventual move to new highs. Management demonstrated yet again today, their sound judgement and ability to make what appear to great decisions in their choices for the two newly created positions. I am sure that everyone's Email will eventually be answered, including my own. At least now, we can be a little more understanding, knowing that there were far more pressing matters at hand and others that may still be. I think most old hands here would agree, that as they have laid the foundations along the way and added the building blocks and infrastructure for what one day may be a great enterprise, they have also managed to surprise us at almost every turn with many unexpected positives. Let's hope this trend continues with equally unexpected successes. Have a good evening Rgds to all Wiz