GREY:FTPLF - Post by User
Comment by
Nighthawk40on Dec 11, 2010 7:26pm
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Post# 17834381
Hanging Tight...
Hanging Tight...Hi Azorean,
Chad and his fellow insiders probably purchased their shares for below $8 a share. I would be surprised if 400,000 shares are sold.
Like Irwin Michael, when he sold 20% of his holdings, the market easily absorbed these 200,000 shares.
The difference that I see is that analyst covering this stock are all giving FTP a very high buy recommendation based on high growth rates in 2011 and beyond.
Yes, I can see First Capital Energy and other institutional / retail buyers buying additional large blocks.
Even if the shares dip below $40, I wouldn't be worried. (Unless you used leveraged money to buy your shares)
Given the limited liquidity of FTP shares, I personally feel that short sellers are the ones in the real danger of loosing their money.
In 2 years from now when you read this e-mail, the stock will be $100 +.
Not a bad return. : )
Like me, you probably will be asking yourself, why didn't I buy more shares.
Hanging tight.
Nighthawk