The run may be nearing an end but I do recall pounding the table on this one last fall with multiple posts. I emphasized not only the weekly chart but the fact that it was underpriced on a funnymental basis considering their cash and assets. It was also in the top performing commodity niche. I don't know where it stops but I think this one needs an IT break here. I'm so far in the green I plan on making it an investment. I wouldn't mind adding more on a sharp correction, though.
http://stockcharts.c...87473&r=287.png
Savin' My Bacon
Started by
Cirrus
, Feb 20 2007 12:54 PM
2 replies to this topic
#2
hiker
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independent trader
Posted 20 February 2007 - 01:47 PM
last selloff in recent weeks was the day following when the PnF price objective was reached...and now surpassed
#3
PorkLoin
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Member
Posted 20 February 2007 - 01:48 PM
Right on, Cirrus, and ditto.
Hiker mentioned FRG.TO early in 2004 when it was hovering around 1.00 Canadian. Been one of the best.
FRG had a low of 7.61 Jan. 10, so it's gone far and fast -- I see a very bouyant 13.50 today. Agreed that a correction could be near, and I'd like to get more around 10. Might be a pipedream. My 2nd biggest position by Dollars (EMC.TO is #1.)
Best,
Doug
