GREY:FTPLF - Post by User
Comment by
OptsyEagleon May 26, 2011 4:02pm
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Post# 18630904
RE: RE: RE: Guys, looking at the chart on this
RE: RE: RE: Guys, looking at the chart on thisThe stock has been a dog lately because some investors have been selling. If those investors would be so kind as to explain why they sold this stock, with any reason that isn't completely speculative or gut feeling in nature, and they alluded to a company that was out of control, then I would be listening very attentively and maybe agreeing.
Until then I am forced to look at the facts at hand and there are many. Those facts, as I see them, lead me to believe that $36 a share is a price way to low to be selling. As I said in another post if FTP's stock had gone from $15 to $36 without going above it, investors would be pounding the table to buy it. Since it went into the $60s and back to $36, many feel that there must be a problem, however I am still waiting for that problem to materialize and so far it hasn't. I can't just sell my stock because others have. What kind of due dilligence is that. In my investment mind, when a stock goes down, the company becomes more appealing. If news comes out later to change that, then so be it, but so far no news has come out to lead me to believe that FTP should be sold at these levels. If you are going to let other investors (by their buying and selling) determine what companies are good and what companies are bad, you will just end up selling the undervalued ones and buying the overvalued ones.