Was just thinking same thing. They going out of business or what. Just curious. What is the bear case for this one? Took small position and am slowly adding as it dips.
will only get you so far. TA works because of WHAT people are doing. Fundamental analysis will tell you WHY they are doing it. The 'fundies' of this situation tell the story very clearly, and following volume, fit in nicely with the chart. Granted, with the low float, trading has a great influence on price. However, when you crunch numbers to find a fair price for the company, there is no scenario I can come up with that puts us at less than 22.80. Thoughts?
On a financial website I follow, FONR was listed as one of the top 3 most undervalued companies on the entire Nasdaq.
Only a market cap of under $99M with this revenue growth? Are you kidding me? Sure, it's pulling back with a brief retracement given the previous advance, but with their growth, leverage in the space, demand for their MRI products, etc., this should easily be trading in the $20's.
Thanks...I ended up selling at 17.94 and am considering another entry soon as we're in the 16's again but the overall market isn't acting very good so I think I'll hold out for a lower entry this time. Best of luck to you and all longs!!
Nice work! I was trying to get filled around same price,but my block was too large, stock was moving too fast and trading too thin at those prices. right now I'd be very grateful to own a 1000 shares more @ your entry.
Trying to second guess the mm w/ the amount of information we are all privy to is like watching a good looking woman go into a dressing room to try on a new dress and correctly guess the color of her panties. He does seem ambitious about collecting shares in the $17 to 18 level, what he will do with them is anyone's guess.