Remember FDM? Take a Look at Recent price ActionSome people might remember that it was another THC investor who pointed out FDM maybe 2-3 years ago, when it was trading in around 18 or 19 cents. Since then the stock imploded. did a 10 to 1 consolidation, and gradually drifted down on low volume to about 7 cents, which is really 7/10 of 1 cent in pre-consolidation dollars. Maybe it went even lower, I wasnt watching it carefully.
Anyway, on not much news, but big volumes hitting close to 6 million shares yesterday, just over the past 2 days the price has literally more than doubled from 9 cents (same as THC) and closed at 19 cents yesterday.
For no partiular reason, just becuase of a few news items the company released (and they dumped their CEO Henri Holm) I bought some FDM at 9 cents a month or so ago, and figured I'd consider it lost money right from the get go, but lo and behold I doubled my money when I sold half at $18.5 yesterday.
Dumping the CEO? What a concept!