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FairPoint Communications FRP

"FairPoint is the seventh- largest local telephone firm in the United States, following its acquisition of Verizon's northern New England assets. It operates in 18 states serving 1.4 million access lines, though nearly 90% of these are in Maine, New Hampshire, and Vermont. The firm was founded in 1991 and has its headquarters in Charlotte, N.C."


NDAQ:FRP - Post by User

Post by matthew77on Jan 16, 2007 4:33pm
526 Views
Post# 12029562

Price Reversal

Price ReversalChartroom's ridiculous fear mongering notwithstanding, we had a nice reversal in FRP's 10-day MA today...which bodes well for some further share price strengthening this week. Obviously resistance around .80. If we plow thru that, watch out. Short-term price moves, up or down, at these levels don't excite me or rattle me, however. Tas (BTW, I inboxed u as requested), I'm sure you'll agree----$3.00 per share MINIMUM is my target this year, and I expect we'll see that by the end of June - likely early in the 2nd quarter.
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