Saturday, June 01, 2013 3:58:11 AM
Secondly, I firmly believe that the price movement of this stock is largely driven by a HFT algorithm. If you look back over time you will see similar repeating patterns over and over. Given that, I see no reason to think this will drop under a buck anytime soon. Most likely we'll bounce up and down a bit here until the bounces tighten up into a flat-line. After that happens the next big run up will occur. If these bounces take us lower, my guess is that the daily 50 MA around 1.15 would be the absolute bottom. But most likely, we won't dip that far. In fact, I think we hit rock bottom today.
Next, unless the govt does something to flat-out squash the idea of FnF returning to the private sector, I think it's a safe bet that the fever for this stock will continue to build. More and more big players are betting big money on it. That, in turn, will cause more media exposure and put pressure on politicians. Politicians tend to be spineless. They do what their campaign contributors want. In many cases that sucks, but for investors here I think it'll work in our favor.
Honestly, the only thing working against FnF is that they can soak them for more money. But I doubt that will last forever if external forces push on them.
If you have any solid arguments to the contrary, I'd love to hear them.
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