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inopsy

11/07/10 4:58 PM

#2993 RE: Jimboat #2992

take a look at level two tomorrow morning and tell me if you had 50 grand to invest in FNDM what price would you have to pay for your shares. It is not easy to build a position anymore. Very small offers in the high teens then the next offer are $50 dollars plus. Thats why i am saying it is tough to get into. any retail seller that is interested in letting go in the 10-12.50 range seems to get taken out quickly. The OS on FNDM is very very tightly held. Insiders and Insitutions hold the majority vote in the co. Retail players are just along for the ride.
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up2tee

11/07/10 5:37 PM

#2994 RE: Jimboat #2992

ones who have shares aren't selling and people wanting in have limited amount of shares to purchase. It has been reported that over 80% of FNDM shares are held by institutions and insiders. Considering what people here own, that leaves very little on the open market for anyone to purchase.

I know last week I tried on three different ocassions to buy on the ask from $12-13.50 and none of them where filled. Hell, once I bid $15 for 200 shares and they still wouldn't give the the 200 shares at $12.50! Every now and then they throw some out at $10, but Ondariis is the only one I know who has been lucky enough to get some of those.

Things are tightening up, something has to give, doesn't it??

Couldn't happen to a nicer bunch of guys! lol