Got a few more today thanks.Guess there were a few seller in a panic to pay for their spring trip. Too bad they didn't wait a little longer, there might just be a regular dividend coming that will buy them a trip every year.
I was just thinking of the possibilites:
buy back 2 million shares at $3.00
declare a .03 dividend to be issued every quarter,
buy a black box and attach it to the cash account that FNR will have with the money from bhp soon,
Actually I would do all 3.
And I would start selling 1% to 2% each week of each stock that I have owned for more than 6 months regardless of the price up or down. If it has not developed something in 6 months then start reducing exposure. If it has done well, then again you can start taking gains and reducing risk. Quite simple rules to follow for a fund company like FNR.
Now for the outsider, you should buy 25k at 2.50 and add 2 k each .25 move in the stock on the way up using margin and when it gets to $10.00 you will have 85,000 shares with 25,000 at 2.50 and 60,000 purchased at average of $6.25 and the result will be $412,000.00 profit. Any questions?