Monday, January 11, 2010

Top Calling? Check out FRG

This stock was bought aggressively in both NFTRH portfolios in and around the $2 level without my usual cautionary tone to subscribers. That is what strong management, strong properties and a strong balance sheet will do for you.

The original target, posted here so many months ago was 6+. Now recently, for the life of me I could not see how FRG was not topping out based on the weekly candle pattern and MACD. I yawned and held it. There is a lesson in here somewhere I guess.