I've been a holder of Fonar since last June. The stock (fonr) has wandered between 2.125 and 3 for all of that time. It has recently made it back to 3. Is this a good time to move on to some of the other fine opportunities in the market right now. I really don't want to go another year with this one. If a rise to at least 4 is not seen in the next 3 months I will get out.
For those who don't know, Fonar makes MRI equipment and holds some of the original patents in this technology. In the last year most of their revenues have come from patent infringement lawsuits. They appear to have new products that are very competitive but good marketing seem to be lacking.
Any experts on Fonar, please let me know if you think the current price of 3 is a top for the next 3 months. If so, I'll get out now and maybe come back in later in the year.
Thanks
Jim |