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Gold/Mining/Energy : Fantom Technologies (TSE:FTM) -- Ignore unavailable to you. Want to Upgrade?


To: Gordo who wrote (9)2/17/1998 10:52:00 PM
From: Hawkeye  Read Replies (2) | Respond to of 55
 
The drop was primarily due to a lack of liquidity I believe, I think someone needed money to pay for Xmas presents and sold into a stink-bid. This is a good stock to just place a stink-bid in on and wait for someone to get desperate...

I wouldn't read too much in to short term fluctuations. As I've said before, the low trading volumes or good volume on few trades indicate this stock still remains undiscovered, but institutions are buying big chunks.

The snap-back came when they released their latest financials, which were quite good in terms of growth and margins.

Let me know when you decide to take the plunge.

Regards