FNGP - Financial Media Group, Inc

[Novacaine]

Watching this one for a bottom bounce. MACD trending up, TRIX turned up and getting some separation from signal line, RSI's not very active but positioned well for price appreciation if it gets some volume, PPO crossing over signal, CMF's going positive, MA 5 and 10 have tucked underneath price (One of my favorite early confirmations), AROON (8) is set up nicely for a nice low crossover. .01 area has held nicely for support after this long downtrend which leads me to believe bottom may be in here. Like I said, needs some steady volume but could move nicely if we get it.

[frankthebull]

Nice looks like it is having a good day so far Nice pick..

[Novacaine]

Thanks, turning out better than my pic yesterday thankfully. If this volume keeps up, it could be a nice one.

[frankthebull]

FNDP .033 Mind if I take a chair beside you Nov nice call.

[Novacaine]

By all means, the more the merrier. Lets make some money!

[frankthebull]

Well it traded so good today I hung on to all the shares I bought didn't take any profit. I looked at the chart and it looks better today so hopefully I made the correct choice. we shall see...

[Novacaine]

Financial Media Group, Inc. Announces Launch of ForWant.com, a Free Classified Website
IRVINE, CA, Feb 20, 2009 (MARKET WIRE via COMTEX) -- Financial Media Group, Inc. (OTCBB: FNGP), an online web publisher focused on building 2.0 properties for integrated Ad Networks and eCommerce properties, announced today the launch of ForWant.com, an online free classified site that enables users to search for a variety of items specializing in the categories of Jobs, Housing, For Sale, Personals and Services. Advertisements for these categories can be uploaded for free. The Company believes its platform to be very strategic in nature, and with the continuing downturn in the economy and job markets, it presents a unique opportunity for web properties operating within this space.
The URL for the property is USA - ForWant.com and the name implies the opposite of For Sale.
The property operates on a free model and is heavily augmented by advertising on both CPM and CPC and CPA based models.
The industry is currently dominated by four main players: Craigslist.org, Monster.com, Yahoo's HotJobs and CareerBuilder. The Company believes a free base model is a more strategic entry into this marketplace for the following reasons:


-- Craigslist.org claims to receive 12 billion page views and ranks the
property as one of the top 30 web properties in the world as per Alexa (An
Amazon company). Industry experts put the market cap conservatively at $1.0
to $1.5 billion. Their model has typically been free for the majority of
the universe and the company does not accept advertising regardless of
appeal of greater profitability.

-- Monster.com has approximately $1 billion in market cap. The site is
supported by job posting fees where a typical job advertisement cost is
$475.

-- CareerBuilder.com, another paid job classified, claims to have 400
million page views per month with advertisements typically charging $359.

-- HotJobs.com, a leading product of Yahoo with a typical job
advertisement costing $275.


About Financial Media Group, Inc. Financial Media Group, Inc. is an online web publisher focused on building 2.0 properties for integrated Ad Networks and eCommerce properties.

[Novacaine]

Got hit with some profit taking on todays news which can be expected. Watching for a move back up and over those .03s next week.

[frankthebull]

I hung on to mine as well lets see what the new week will bring..

[Novacaine]

Looking great here today. Continue to make higher highs and higher lows with Short term MA's turning up to support us. Break of MA 31 was a nice plus today as well. RSI's turning back up, MACD continues on its long uptrend, CMF's and Accumulation rocking. When our +/- DI crosses over this will get really exciting. That could very well take place tomorrow with continued buying pressure. Holding and adding.