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Strategies & Market Trends : WR's Momentum Trades

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From: Wayne Rumball12/31/2004 11:09:34 PM
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Happy New Year

I added some FCAH today at 0.0006

WHY? you might ask. Why is the sky blue and the sun yellow, I don't know. hmmm, wait, I do know, but that is not the point...

So the question is, why would I buy 1.5 million more shares of a stock that I've owned for at least 3 years.

Who knows, I don't. It just seemed to be a good thing to do. Over the last 2 or 3 years FCAH has given me back my investment 10 fold, or 20 fold, or more with spinoffs. It seems time for the underlying stock FCAH, to do a move.

Apparently there are 300 billion or so shares outstanding, but I don't think anyone knows where they are. a recent SEC filing said FCAH had about 100 shareholders.

So why buy FCAH? No good reason I can think of other than hoping it will go up.

2005 is a new year, lets see what it brings**
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