GREY:FNTRF - Post by User
Comment by
drdiabloon Apr 21, 2010 4:47pm
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Post# 17016827
RE: RE: RE: BUYING IT UP
RE: RE: RE: BUYING IT UPWhat happened to FDN is typical of recent market action in the junior resource sector. People are looking for the Next Big Thing, the stock that will double in a day. When a stock that they pile into fails to deliver spectacular results, it is taken out back and shot. That's what happened to FDN, because its news was merely "encouraging."
I think the sector is getting a bit fizzy. However, if it holds up, FDN remains a worthwhile speculation, especially with the small float. Although I am not yet a shareholder, I am watching FDN and will take a position if it dips lower or flatlines. If it had 50M shares outstanding, the price would be about .08--for a company that has some documented ounces.