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


To: TechnoWiz who wrote (9665)12/31/1998 6:53:00 AM
From: don roberson  Read Replies (1) | Respond to of 15313
 
Yes, as we all indicated it won't take much to get this thing going.
Only the future will let us know how high. With many here they have big enough positions that even a few dollars uptick will be a good play. And like any stock, even if this happens through revenue growth, and expanded capabilities, and the stock goes to $30 level or higher, people here, like anywhere else, will be selling at all levels.
Very few will be here for the long run. Because all the events in the long run cannot be envisioned now.



To: TechnoWiz who wrote (9665)12/31/1998 9:58:00 AM
From: jpbp  Read Replies (2) | Respond to of 15313
 
Wiz and ALL:

I think the unnerving phenomena we have seen in the past 10 days should not surprise us....nor should it provide much of a glitch in what was looking to be a very bright technical picture for FNTN. (For now I am throwing out the fundamental value as those holding 6 months will happily seethatthen I believe - maybe sooner).

What we have seen is a combination of 2 things....unrealistic expectations that a regular shareholder meeting will send FNTN flying like a internet rocket......

AND tax loss selling.....remember there are plenty who caught this missile between 1 and 2 and they might want a reprieve and have been holding till Dec. 21 just in case.

If this is correct and the tax loss selling is nearly over (as I suspect yesterday's trading to indicate) I believe a recovery to at least the .85 or 1.00 area in January (based on no positive changes within the company) to be expected.

I believe the longs will be rewarded greatly out 6 months from here.

Happy New Year,

jpbp