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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Bland who wrote (2933)	2/16/1999 9:25:00 AM
From: P.E. Allen	Respond to of 52051

'kensey' has recommended FNHC (Long) 'kensey' said: With overall market direction uncertain, continuing to patrol the waters for special situations where the combination of price action, money flow and news might indicate where any downturn in the broad market may best be what-evered. Technology no longer in a position to lead. Is there a sector tantalized, poised and compelling enough to lead? Don't see it yet. The tractors are combing the valley but not that many bales of wheat are being loaded onto the docks. Value and commodity cyclicals are spurting, but rotation there is more a knee-jerk reaction that the emergence of some bright new shining star. The chart is starting to firm for Finet (FNHC). Volume is exploding and blue price bars are starting to stack. Last week saw over 20 million shares cross the tape and action on the volume indicator graph is transforming from aimless waft, drift and illiquidity. So, following and sniffing the money here. According a press release put out by the company on Feb 12: Finet Holdings Corporation (Nasdaq: FNHC), today unveiled FiNet.com: America's Home Finance Network, featuring the Smithsonian Award-winning mortgage service, iqualify.com and interloan.com FiNet.com marks the culmination of several years of strategic planning and technology innovation, bringing under one brand an impressive array of mortgage services for home buyers, mortgage brokers and lenders. "Finet has acquired and developed some of the industry's leading online mortgage services, and now we are proud to bring them together as one of the Internet's most comprehensive home finance networks under the FiNet.com brand," said Dan Rawitch, President of Finet Holdings. "By integrating iQualify and Interloan with Finet's Monument Mortgage and Coastal Federal Mortgage, FiNet.com can take consumers and mortgage professionals through the entire mortgage process, from origination to fulfillment. FiNet.com, benefits consumers by providing a faster, flexible, more complete online mortgage solution, avoiding the frustration, delays and cost of the traditional mortgage process. Lenders find a new source for leads and an interactive resource for educating the first-time buyer." According to estimates by James Marks, Deutsche Bank Securities Analyst, the online mortgage industry is set for explosive growth, with projections topping 60 billion by the year 2000. Finet, an industry pioneer established in 1991 as an electronic mortgage broker, is poised to take a leading position in the industry through an extensive online FiNet.com branding campaign and several strategic marketing agreements with national and regional Internet portals. kensey