J. Brown nice job starting the thread. I looked up this company on SI a week ago to see if there was a thread going and of course there wasn't. So since you took the time to start it let me tell you what brought it to my attention.
First of all let me tell you that I am basically a technical trader. I use telescan to run insider trading searches off their database, once I find the stocks that have the most appealing insider buying, I then look at their chart to find my buy point. When looking at the charts, I look for stocks that have decent liquidity, so its easy to move in and out them. So armed with insider trading information and the ability to read the chart this has been my strategy for picking winners over the last four years. Granted, chart reading is very difficult and you're not going to be right all the time, but practice makes perfect.
Two weeks ago I ran a search for new insider buying for stocks under $1.00, and up popped FVHI. Insider trading is as follows:
+155,000 4.12 9/97
+ 58,000 2.63 12/97
+ 13,000 1.00 2/98
+ 86,000 .90 3/98
This company went public late 96 and has pretty much gone down since then. In December you could have purchased it for over $5.00 a share and has been straight down since. Recently it has bottomed at .62 and it is beginning to move up now. My chart says it a buy right now! Because I am more of a short term trader than anything, I'm looking for at least a double from here,,,possible higher.
I hope this info is helpful. Good luck.
J.Claudio |
