Frontier Communications Corp. (fka FTRCQ)

[PennyStockInvestor]

At what point does one cover their short position, that is the only question. Mutual funds will keep accumulating lower, the lower they can buy, with out spiking the price, the greater their return will be. The shorts on the other hand are hoping this mirrors the recent alsk moves, and they are eyeing a possible .40 downside move. They are not 100% sure they can get it, and not sure they should cover either. Sort of greedy one would think. At this price every single long is down something. There has been no real uptick in volume at all leading me to think the longs are sitting tight, hoping price languishes so they can pick up extra shares come payment day.

If one is looking at this stock for income, or price appreciation, and have no current position, buy every new low over the next 21 days. Put in good til canceled buy right now at 5.16, if you get it great if it goes lower wait two days and pick a new point. Enter slowly, and plan on 3-4 buy points. Will run up last week of year, first week of Jan, when the clearing house starts buying shares in the open market for the dividend reinvestment accounts. On a different note anyone see DF chart past few weeks, no divi, but looks like it might be breaking out. Maybe not.