Furmanite Corporation (fka FRM) (FRM)

[jaimerodriques]

On March the 9th, 2009, FRM 5 years ago, had a low close of $2.37. So what is to make anyone think that the present low of $4.20 or so, is ''THE ABSOLUTE BOTTOM'', as someone is saying? Especially since FRM been forecast via YAHOO's financial team to hit $9+ this year (since last summer they were forecasting that). And after the Christmas season & the EOY selling, etc, in late January-early February, it had just broke thru $8.00, to run out of mojo circa $8.03-$8.05. And look how ''the powers that be have beaten it all the way back down to where it is now circa $4.20 or so. And NOBODY, except ''the powers that be'' had any idea that THAT was going to happen! So, what is to make us have any confidence, if we bought in now, ''AT THE BOTTOM'', for a good bottom play, that it is not going to keep on going down to its 5 year low of $2.37? Care to talk about that a little bit, because I was in FRM from July of 2011 thru February of 2012, trading it some, until I pulled my money out around $7.60, so as to wait and see what it might do. And I never had any idea at all that it was going to do anything like it has done!! Any thoughts? Sincerely, Jaime