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


To: DayTraderKidd who wrote (8921)12/17/1998 10:17:00 AM
From: Siber  Respond to of 15313
 
It sure would seem to be the case Peaceful. We just haven't been able to break this cycle in recent weeks. We go up a few cents, nearing the ever elusive .90 only to be driven back down.

Once we break .90 though, there will likely be some profit taking but I think once that is over and done with....we will be rolling.

Manipulation or not....FNTN has the technology (and management/backing) that can't be held back for long.

Just thinking out loud.

Helene



To: DayTraderKidd who wrote (8921)12/17/1998 10:19:00 AM
From: Michael Baron  Respond to of 15313
 
Peaceful, I too have noticed the spread widen at certain price levels, but VOLUME overcomes the type of games that this seems to suggest. When the dam breaks, and demand at successively higher prices is evident, the MMs must, I repeat, must go with the flow. At low volumes, with only a few "players" trying to get cheap shares by selling off minute amounts and buying in big when the frightened follow in their selling, these games are rampant. They will be overcome by either: 1. Big volume on the demand side = higher share price, or 2. Big volume on the sell side = lower share price.

I vote for number 1.

All the best,
M.



To: DayTraderKidd who wrote (8921)12/17/1998 11:54:00 AM
From: Wally  Read Replies (2) | Respond to of 15313
 
Peaceful: I agree with Michael's response to your question about manipulation keeping it under 1 dollar.
When FNTN goes up for real, it will break the dam and ain't nobody gonna stop it. I think it will go from .90s (or .80s) right to $1.60 without passing go - then another sell-off to 1.25 and probably base for a minute.

Wally