RE: FRPFRP will certainly be impacted by movement in the general markets. Personally,
I believe the tech market is going to recover sharply, sooner or later.
We are still in the midst of a technical revolution which is reshaping the
world economy and our daily lives. In the course of all this, markets -
which often can get silly as we have seen this year - will fluctuate, often
quite wildly, based on sentiment and other factors. Overall I believe the
long-term trend is very bullish.
There's lots of cash on the sidelines at the moment, even in the current
choppy market, looking for quality investment opportunities in the tech
area. FRP is not a +pie-in-the-sky+ company. It has a very appealing
business model and some excellent projects. It also has a very low valuation
at the moment - a market cap under $4 million. As I've stated before,
the market hasn't really discovered FRP yet - when it does, this sleeping
giant is going to start to roar. The +traders+ who sell for nickels,
dimes and quarters on the impending move will make a small profit, good for
them, and go on to something else. The +investors+ who understand FRP's
business model and real potential will hang on (or even buy more) for
the long term, a year or more - they will be the ones who should really
cash in.
Every stock carries a certain degree of risk, and FRP is no exception.
But I think the risk-reward ratio with this one is very attractive. I
do have personal holdings in FRP and I also know of a private internet
company which is salivating at this company's stock price and is ready
to eat it up, to a certain price (this is a good time to be sniffing
around). My outlook is long-term and if FRP stays at these levels for
a while longer, that suits me just fine. I'm pretty sure we're at or
very near the lows.
Good luck to everyone, it's going to be very interesting to see FRP
develop as a company.