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Federated National Holding Company Message Board

  • scottr2958 scottr2958 Apr 24, 2014 4:58 PM Flag

    Possibly the 10% correction

    Previously I had commented that 2-3 times per year FNHC undergoes a 10% correction. Thinly traded, and making some very nice price increases in a short time, makes it a favorite with day traders and other market timer types. I wouldn't be surprised, after reaching new 5+-year highs recently that the pps drops to the $19 level. Only then, as in the past, to bounce upward, and even break through its old highs. I am now a committed longer term holder, and expect to see ranges in the $25+ level in the next 6-9 months. Thanks also to the encouragement received from the good posters on this board. -Scott

21.02-0.43(-2.00%)May 23 4:00 PMEDT