But a similar scenario existed last Summer / Fall
with the market scare, and FII stock went nowhere
during this period. I agree that the stock should react
positively under conditions of rising interest rates and
market jitters, but it didnt last year. Good luck.
Did you know that over 2/3 of Federated's mutual
fund assets are in money market accounts? During a
market turmoil or correction, where do you think all of
the stock market mutual $ is going to flow into? you
got it, money market accounts!
I am not invested
yet but I have to say that I really like what I see.
Earlier this year, I began pouring money into all of the
oil drilling stocks when EVERYBODY HATED THEM. Yes,
low volume, neglected oil stocks with low very low
P/E's. Well guess where those stocks are now? In any
case, thought it was time to move on to some other
value stocks. I for one am really beginning to see the
bargin in this stock.
Biker..It is rare to see anyone defend there
position even when in the long run it never really turned
out. Good for you. I'm glad to know there are people
like that who are still out there. Good luck on all
your next purchases or sales (short or otherwise).
Still lurking here. Wouldnt be the first time I
made a wrong move, but at least I gave this one a fair
shot (14 months). Glad to get my money back...buying
beaten-down techs on the cheap. Doubt I'll have to wait 14
months for a nice return on 'em. Good luck all remaining
longs. Someday the market will awaken to FII.
I can hear phones ringing all over the country.
"O.K. Charlie, bikerbean's out, take er' to $30!!!!"
I'm buying even more nowe that he's out. This is the
best push this stock has ever had and the cheapest it
will be for a while AND in a sector that will
withstand blood in averages. Bikerbean is the guy at the
craps table you do the opposite bet from. See ya at 30
beanny boy. P.S. AOL looks cheap!!
I am really disapointed in
you. You have been the only positive cheerleader on
FII through the good times and bad. The big boys in
Florida will continue their buyback and push the greatest
fund company's stock over $25.
Oh, by the way
Federated will find that good Equity Company. Federated are
not idiots they are waiting for the best price.