WORD OF CAUTION on FHCI. . . ."P and D Du Jour". . . .
I must have received a half dozen newletter "recommendations" on FHCI
this weekend. Appears to be getting hyped all over SI as well. .
.The word is "buy and hold", which is code for "pump and dump."
Looks like one of the weekly P and D specials. . .by a group that does
this sort of thing several times EACH AND EVERY week here on SI and
are quite effective albeit ILLEGAL.
Remember on these tiny Pump and Dumps, there are many that bought it
REALLY low. . .and they bought MILLIONS of shares. . .probably under
a penny. . .so the PUMP is occuring now. .later they will DUMP into
the buying over the next few days. . . while news is "expected" for
mid-week. . .though don't COUNT on it. . . it is probably a lie. . .so
typical and predictable.
This is one sort of stock that I "preach" about avoiding here on the
Fishing thread. There could be 2.5 to 3 million shares ready
to be sold on this one into the buying over the next few days.
For those here with offshore or Canadian accounts, this appears to be
a great short candidate. I would be watching the most known P and
Drs here on SI very closely. . . when they stop their pumping, that is
usually the top. I may scalp some gains from it if it rises thru the week
. . .It is, after all, a Health Related Internet. . .but I won't
be holding longer than a matter of minutes. . ..035 to .055 should be
about right.
For anyone already in this stock. . . here is an eyeopening view of
the historical quotes, compliments of AOL:
FUTURE HEALTHCARE INC
Prices Available: 10/23/92 through 05/21/99
Ticker: FHCI
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
04/05/99 500 0 0 0
04/06/99 1,000 0 0 0
04/07/99 200 0 0 0
04/12/99 400 0 0 0
04/19/99 19,000 0 0 0
04/21/99 60,000 0 0 0
04/22/99 125,000 0 0 0
04/23/99 2,500 0 0 0
04/30/99 23,500 0 0 0
05/04/99 12,800 0 0 0
05/06/99 33,800 0 0 0
05/10/99 80,000 0 0 0
05/11/99 2,426,400 0 1/16 0 0 1/16
05/12/99 133,200 0.03 0 0
05/13/99 175,000 0.02 0 0
05/14/99 2,000 0 0 0
05/17/99 133,600 0.03 0 0.03
05/18/99 27,000 0.03 0.03 0.03
05/20/99 30,000 0.02 0.02 0.02
05/21/99 138,200 0 1/16 0.02 0 1/16
See anything "out of the ordinary" here?
<smirk> Seen it a hundred times.
Rande Is |
