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Microcap & Penny Stocks : YOUR FAVORITE INTERNET PICK..... AND WHY ?????

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To: Mr. Pink who wrote (387)12/30/1998 4:52:00 PM
From: Stock Watcher  Read Replies (2) of 962
 
P - on FSFH; Hurrah - a REAL company. Latest earnings .15 per share, insider's have been BUYING since August /no recent selling.

223 employees, offering 5.45% AAA+ notes with a 52 week trading range of 5.75- 32.63. Closed today @ 11.75.

Caution: P/E is high @ 70 / also chart doesn't look very good. Resistance @ 12; needs to break through 16 convincingly. FSFH may "coil" for a while between 9-12. Hopefully, a rock-bottom support level has been cemented @ 7-9.

Good News: From the tone of recent press releases and proxy votes, it appears as though FSFH is clearly posturing (or worried) about a friendly (or fearful) take-over/merger. This possibility explains all the recent insider buying and would help justify the high P/E.

Thanks for throwing this one on the thread......n
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