Adam,
The graph is pretty tightly woven. A couple of the blocks were sells but it looks like a few good buys too. In any case, you are correct about a lot of small investor activity--which is a good sign. I think a lot of people are just getting impatient with the stock, particularly those of us that got in around the mid 16s. My feeling is, however, that Fore has a strong future and that, at these prices, it is very attractive. I am not making any predictions but simply betting on what I can find out about the company and its future. It looks as though there is going to be some stiff competition but I am sure Fore didn't get to where they are at today by being passive. Hey, worst case scenario is that they get bought-out and we all make money. When Fore was trading at the mid 40s it was overvalued. Mid to upper 20s, however, is I think a readily attainable level for the stock since large funds etc.. push the price up, and ultimately the p/e, because they see growth in the future. I guess it just boils down to where they are going in the near future and reaching that goal. I feel they can do it and that is exactly why i am not currently stressing too much. Let's hope we can attract some new buyers at the Paine-Webber Conference..
Tobin
**Wow, reading Glenn's message is kind of depressing...Fore better have some big plans for the future or I might be in the same boat. Okay, positive thinking here is key, right!!?? |
