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

To: MskiHntr who wrote (8919)	12/17/1998 9:54:00 AM
From: Michael Baron	Read Replies (1) \| Respond to of 15313

Dear Joe, I concur. I think the toughest resistance point after $1 is the critical 1.375 level, remembering the volume of buying that occurred near there when FNTN was headed for the $2+ peak. After the run-up in mid-July we experienced a pull-back to the support level just below 1.5, and then the subsequent bounce back to 2. When the 1.375-1.5 level was breached in mid-August, the stock took a plummeting dive to mid-October's bottom of ±.50, with support through Sept just above 13/16. If the news and client data is as good as the present silence portends, and we can find new support over $1, the 1.375 point will be the next level where some selling should occur. After that, and, as you say, with good PR and good news, the ±$2 level and up could be in the cards. All the best, M.