I will leave out the bottom panel indicators. FRG is getting over bought as she 'splodes higher toward target. I just got a very pleasing email from a subscriber as follows.Gary, Thanks for your newsletter. I haven't written you before, but have enjoyed your blog and your newsletter since I found your site several months ago. I am loaded to the gills with FRG shares with an average price of $2.05. The action on this in the last few trading days has been awesome! I have followed your charts on this closely. I think I read on your blog you might unload some and keep some for the more long term investment... Are you still planning to unload most of your FRG shares if $3.5 is reached or perhaps some of the shares and let the other ride for a while? Thanks again and keep up the good work!! -Matt
My answer, in none too subtle fashion was YES, if you're overweight TAKE SOME. This is a great company, but profit is always good. One can always tuck some away for the excellent future prospects (no pun intended) not only with their gold in Nevada, but also for when their huge uranium property in Canada comes back online.
Now that the trend is obvious here and the would-be bottom is obviously actualized, we are likely to be treated to many stock pick hero pieces on FRG, as it is now safe to stake such claims (pun intended). NFTRH has owned it since the darkest days this market has seen since the early 20th century. NFTRH plans to retain some shares as investment, despite the newfound wider appeal.
Oh and, lest one think it is all genius, all the time here, go have a look at AAU, one of FRG's NFTRH exploration mates. :-(
