RE: Something's wrong, folks...A technical sell signal was confirmed with today's trading action. From a long term perspective this is still an attractive entry point for FRP, around .60. So some people may wish to accumulate around these levels. But there is risk on the downside at these levels, too----for those who are more short-term focussed. There is likely going to be a better entry point for this stock in February. And I'll stick my neck out on that. I sold 75% of my FRP today as a defensive posture---if I'm wrong, that's fine-------but I absolutely will not buy back in until news is out from the company. Based on the market action I believe you are going to hear in the coming days that there are going to be further delays with Perama Hill. The market won't like it. And we're a while away from getting some decent news out of Peru. I see nothing that can drive this stock forward right now other than Dixie Creek----and those drill results are a crap shoot. We've hit a temporary hick-up, folks.
I wish everyone luck but I've got other fish to fry at the moment. I've put FRP on hold but I'll likely be back in the coming weeks or months. I'm still bullish on this stock long-term, don't get me wrong there.