Fonon Corp. (fka FNON)

[gktignol]

Hello, Indian.........

I believe it was first recommended last November. They are waiting on federal certification for their network-switching technologies, which is expected to come "any day." What will that mean for them? Primarily that they will soon be selling a significant quantity of their products to a variety of government agencies and many big corporations as well. This will allow them to grow their annualized revenue (which is currently less that $1 million) to a quarterly run rate of several million dollars -- and that's just for starters.

Obviously on an entry point lower is better, but I believe this still has plenty of room to run. I was not at all surprisd to see it pull back a bit today -- given that it was up about 33% yesterday! If you look at the chart you'll note that it hovered in the .88 - .92 cent range for quite a while. I would suspect there's plenty of support in that general area.

Best of luck to you,
gktignol