To: Jane4IceCream who wrote (1398 ) 3/22/1998 7:02:00 AM From: ChrisJP Read Replies (1) | Respond to of 34592
Jane, FAMH has become my favorite cult stock on SI. It kind of reminds me of the good old days when the OVIS/RMIL thread thought they could catch MMs shorting naked when they weren't looking. 1000's of nay posts couldn't convince them otherwise. I didn't believe the premise for an instant, but I bought at 1 1/2 and sold 3 days later at 3 1/2 ! So just because the stock is up doesn't mean there's nothing fishy going on. Likewise, you don't have to believe the hype to make money ! Or EUTO, where the thread thought that if they could buy all 20M shares, they could name their price. The stock went from .002 to .26 !! 1000's of nay posts described EUTO's history of printing shares. Several months later the thread discovered that there were an extra 50 MILLION shares out there. Still don't understand why they didn't try to buy those up too. I am not going to repeat any nay info on FAMH, because we've heard it all. But consider this: there are 3 types of investors regarding FAMH. Those that believe and have already bought, those that don't believe, never will believe, and will never buy a share, and a few who are sitting on the fence. Ask yourself: where are the next set of buyers going to come from ? They are the only ones who will move the stock price. At best, you have 1 more up move (to .90 ?) when FAMH releases some news convincing enough to get the fence sitters to buy and some current owners to buy more. At that point, FAMH will have tapped out all prospective buyers and you probably know what happens after that. The good news is that the true believers are conditioned to price volatility and will not sell readily. That should support the price for a while. Not much downside risk under .50 unless Ira blows it. I can't even imagine what news FAMH would release that can top the "doozies" already released, but I'm sure Ira will come up with one ! Jane, I am absolutely sure you will either be alert enough to sell when the time comes or smart enough to claim you sold when you should have ! Regards, Chris