-OT-Brian, current take on FCGI? [SFE still owns about 500K sh. incl. warrants] No change. Actually, am not holding on for $12-$13, I think it is a good buy until at least $13. Target $22+ next year, based on $.92 'OO est., 28% growth, and multiple expansion to the mid twenties. Even at that it would be selling at a PE discount to the market with growth more than double the market and as such, not be overpriced. Stochastic just giving a sell, but will ignore- it is a buy and hold for me unless the company shows unexpected problems, has another out of the blue vertical spike of 50%plus, or gets overpriced. I'm on fundamentals until it is time to sell-then will use technicals for timing.
From the MDA thread, someone heard on CNN that there has been a lot of forced liquidation in [internet laden] margin accounts already, thus contributing to a lot of the downside seen Mon. and Tue. Would like to have better data on that, it is important from a buy-timing standpoint. From MDA thread post #14855, Don Wolanchuck, best market timer multiple times, sees the Dow ultimately going to levels that make the bubble in the Japanese market seem "like childs play." Looking out long term he sees a worldwide explosion of economic activity and "entire natural resource sector is just starting to blast to the moon." Oil $27 then $42 in maybe 8 years. "telecom index looks great" and NASDAQ is "acting like a million dollars." Sees the start of a long term inflationary trend. "Blast off in aluminums, precious metals, steels, all the basic industries-the demand for basic materials when you go to a worldwide explosion of economic activity is awesome." Another observation that he mentioned was very interesting. He said "You put in a bottom the week before options expiration, go up, then fall apart the week after expiration. Then you take off again." Options expiration was last Fri. Thanks to you all, Mike |
