Friedman, Billings & Ramsey (FBR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Friedman, Billings & Ramsey (FBR)

FBR 17.01

-2.2%

Jan 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Greg Jung who wrote (54)	2/17/1999 8:35:00 AM
From: Timothy R. West	Read Replies (1) of 173

FBG has pulled back softly after its blast off from the $6 to the $8 area. FBG should hold above 6 from here, which means you have to risk a drop of 10% for a potential profit of 40% if FBG moves up to the $10 target/resistance area. Bonds have rolled over and rising interest rates could mean a little pressure on the financials, so I am NOT increasing my confidence here, but increasing my confidence to EXIT if FBG falls under $6. The market has lost its uptrend and looks to move violently sideways for awhile to squeeze out new shorts and to blow out weak longs. In other words, the market will drop sharply at times and rise swiftly immediately afterwards in order to confuse both the bulls and the bears. So we don't have the market UPtrend on our side anymore.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next