matthew77 - looking like a foolAh.. hindsight is a wonderful thing....
For those of you who didn't read it, here is his posting from mattew77 exactly 2 days ago, when the stock closed at $0.65.
I've reproduced it word for word so that you can all see he was dead wrong in the short term, which is the period he was predicting. The simple fact is that if you had followed his advice, you would have missed today's super rally. SINCE matthew77's posting, the stock is up $0.25 or a whopping 38% in 2 days !!
The mistake matthew77 made, and it happens to the best of us, is that we get too close to a deal and sour on it by "analyzing" our way out of it, just as it turns the corner - which in a stock like this can happen in the blink of an eye.
So matthew77, hope you find yourself another stock to sour on, because you got this one dead wrong - EVEN IN THE SHORT TERM. I'm right, and you're wrong !! Don't fight the tape - the market is always right !!
Here is the infamous quote from 3 days ago when the stock was $0.65:
" This stock has heavy resistance at the .70 level. There is NOTHING to move it higher right now, except some possible external factors such as a huge jump in gold or another spike in uranium.
I stick with my previous prediction-----I believe FRP will get hit hard this month and as soon as we fall below support at .60, watch out. Certainly very vulnerable to a sharp correction.
I still hold some stock, but I sold 75% of my position. Long-term I remain bullish. I know Peter and his team are working hard at pulling everything together, and I obviously hope they are successful. Everyone just needs to continue to be patient and the rewards will come down the road. In the meantime, however, the impatient ones will be driving down the stock price IMHO. There are other BETTER short-term opportunities out there, and that's what will keep downward pressure on FRP."