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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (60350)8/31/2006 10:22:46 PM
From: zoo york  Respond to of 313019
 
I think some of the volatility in FR will be dimished because the stock gets sold out. The people who could be spooked out of their position got blown out last week and those who are left are probably holding fast for higher prices. So there is just not much stock available for sale now and it will help ensure that FR rises to the $5 range before some of the profit takers come out of the woodwork. This spring the move from $5 to nearly $8 happened on very thin volume. Given the big acquisitions that have closed since then, and the work the company is doing to boost production at La Parrilla, I think we will see the $8 level surpassed pretty easy this fall, and even quicker if the silver prices go nuts again.

cheers!

COACH247