This stock has been very good to me in the past and at least so far I have a nice gain in this trade with FONR closing at $18.02 HOD on good volume. GL to all longs in short term or long term!
Jay, Maybe not an answer to your question,but my opinion,based on how I read the charts. . So I look for support on the chart and I am not at all reluctant to take a short position. I short for profit, not to destroy the vehicle I trade. I don't expect to buy the btm or short the top. I saw the btm @ 17.50 and was quite surprised, that shorts could take it under 17 as they have several times this week. So much for thinking your a smart guy in a low floater. I am currently long and want to predict a swing somewhere in excess of 23 in the near term, barring news which would take it higher. The increased volume and price movement today were quite encouraging especially when considering some of those trades were bought on margin and will pay interest on their belief over the weekend. $12 represents a total collapse which I don't see happening near term(before next earnings release). This is just as unrealistic as a short term long target of $40. My $.02.
I am wondering what everyone's thoughts on valuation could be here. If we could do 14 million a year (reasonable, IMO), that's 2.29 a share. Giving that a paltry 12x for a company growing in new, successful directions brings us to 27.5. Now, if we could get the multiple of the competition (which is also reasonable, IMHO), God only knows where the ceiling is. Thoughts??
For longs (like me), it is obvious FONR still undervalued based on trends, projections,valuations etc...
Based on Fonar history, would anyone be surprised if weight bearing MRI's is somehow not covered under obamacare (Immelt/GE in the whitehouse thing)? just sayin...
Sentiment: Strong Buy
good for you. go for it since you made tons of $$$ here already. just one question. why do you keep tauting fonr will sink? or do you want it to sink. that's really original.
Sentiment: Strong Buy
Great pick ..........luv the stock ......... potential 10 bagger.
that are taken annually.
It's already approved in EU, Asia, Canada, Mid East.
Awaiting FDA approval.
Get in BEFORE it takes off.
Like Jim McM said to many NFL young players are deatd or suicidal & if the SU & Dr Rosa can help them that is a good thing The SU scans for Scoliosis,MS,CHIARI etc. increases su scan demand