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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?


To: Coz who wrote (957)3/5/1998 8:01:00 AM
From: TraderGreg  Respond to of 1100
 
My thinking on FAMH. In at .28, so the move for me met my criteria. (This is my day job until Greenspan accomodates me to scale up my mortgage operations.) The earnings report was excellent.

I post the following only because I was asked. I never post unsolicited comments on an issue AFTER I sell, as we all have seen some do.

I felt there existed a strong possibility that many do not realize that FAMH earnings were based on 1997 shares of 20million. While I still feel the stock is undervalued at .50, even if EPS are cut in half, I was concerned of a potential sell off when the detailed financials are released.

Stock seems to face resistance at the 50 cent range, though it did break thru that pesky 47 cent level.

I still like FAMH and wish to revisit it in the future. But my creditors like it when I take profits off the table. Good luck.

TG