SwingTrade Member Forum

[MikeDDKing]

I generally don't make specific buy or sell recommendations. However, I will add that the BFDI buy post for the SwingTrade Portfolio came in at $0.14. So there has been a better than 50% move since then and a 68% move to the peak. I also never said a few cents ago it was a great buy.

I sold BFDI because I was able to capture a big portion of the move that I anticipated prior to Q4 earnings. The move is not necessarily over both before and after Q4 earnings although I tend to think it will require Q4 earnings to move above $0.25. Prior to earnings I wouldn't be surprised if it moves up or down from here. I tend to think it will move higher than here with Q4 earnings although one never knows for sure what you are going to get with earnings. I will continue to watch and probably will buy a pullback if it happens, the fundamental position for BFDI remains as good or better, and I like the overall market situation. Everything I said in my original DD post still remains true. Here is a link to that post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44585475

Also, there are some that think BFDI is going much higher. I certainly wouldn't endorse this overall position given what I know today but here is something that gives you another perspective:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45728659

P.S. The bid is currently $0.197. If you decide to sell at the open tomorrow and just hit the bid you will still make a nice profit from your 12/17/09 purchase.