Warthog, I have been wrong many times before. Sometimes I am too exuberiant, and underestimate, or overestimate the reaction to news or pending news. That said, it had been posted that the price increased on Friday without any news. It would have been higher had the last trade not been a sell. IMO, next week will be strong for FAMH. Maybe there are a lot of people who daytrade for a living. I don't, and if I did, I think my wife would put me in the dog house ad inifinitum for ingnoring her :-). Personally, I think the last week has given the opportunity for those who were going to sell to take their money off of the table. The rest, I think, are waiting for the major news to be released, which will only confirm the general consensus that the stock is undervalued. Once there is confirmation of the merger, and if it happens this week, I think we will hit heretofore unseen price territories.
You're right about the analysis I think. One seems to confirm and support the other.
Jin. |
