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Technology Stocks : FNCM Finet.Com -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (1458)	5/13/1999 11:08:00 AM
From: $Mogul	Read Replies (2) \| Respond to of 2420

Like that news, okay for everyone worried they bought at $10, that should help calm some fears, also I am watchin FNHC trading today and it is being accumulated at the ask. The MM's wil not let it run, and I don't want them too yet, let it build back steam and momentum for this week, and next few week's should be the start of a beautiful relationship with your FNHC stock. I am trying to spot BIG BLOCKS, so if anyone is also watching keep your eye out!! $Mogul

To: TFF who wrote (1458)	5/13/1999 1:46:00 PM
From: ScrapCollector	Read Replies (2) \| Respond to of 2420

Taf, Sorry to break the news to you, but if the filing is accurate, he (D)isposed of 50,000 shares, not (A)cquired. The recent downward trend was probably caused by this and other insiders selling. I'm not too alarmed, because it's OK for the insiders to manage their own risks. Obviously, his position on the company is weaker than the other directors who haven't sold. As an analogy, take $Mogul for example, who have hung on tightly to his shares through the storm and sunshine. This is how he exercises his strong belief in the company. Daytraders, on the otherhand, have a weaker position on the company (but a stronger position on a fixed margin of profit) so they will easily trigger a sell on smaller factors like momentum and lack of good news. My opinion is that Dan Rawitch is more a visonary than an operator, so he probably feels the need to take a breather and take a profit. This is analogous to venture capitalists taking profits at the early phase of the company. Jose Garcao (the Portugal Connection) is probably just in it for the money, so no surprise that he took some profit. Both of them still have a significant position on FNHC. If the company was heading down, the insiders won't give us the luxury to react to bad news. Just look at stocks like COMS, CPU, and CPQ. Sometimes, a nice enough analyst will publish a warning for a downward trend, primarily to minimize the chance for class action lawsuits :-) Personally, I think FNHC has a great future ahead. I've seen the brick & mortar part of their business (see message #1142) so I'm confident that FiNet is planning for a long haul. Warren Buffett's friend Charles Munder's fund has some money in FNHC, which re-enforces FNHC as a good long-term play.