GREY:FTPLF - Post by User
Post by
Nighthawk40on Nov 02, 2010 6:48pm
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Post# 17647936
Interesting Data
Interesting DataToday FTP dropped below $46.
I'm not a bit worried.
Here's why:
1. The average daily volume has risen steadily to 73,814 shares.
2. Y.T.D return is 382.84%
3. Significant reduction of short shares
June 16th, 2010 4.7% Ratio 118,550 shares
Oct. 18th, 2010 1.1% Ratio 85,400 shares
By the end of the year or sooner, I project that the number of short shares will be down to approx. 55,000 shares.
When FTP announces their expected acquisitions, I expect that the share price will challenge the $50/share mark.
You see, when you stand back to look at the big picture, the trend is nothing but positive.