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Federated National Holding Company Message Board

  • scottr2958 scottr2958 Sep 13, 2013 5:20 PM Flag

    Re-testing $9

    I am fairly surprised that our company is re-testing $9 per share. Quite surprised, really. We had decisively broken through the $9 mark some time ago, and had broken though the $10 mark, also for quite some time. I was expecting a new base of $10.50, at the worse.

    Now we are back to the 9s. Seems to have tested that today, Friday, and it seems like it will hold. But the growth of new policies, and therefore the growth of earnings, should continue. October is generally a bad month for most stocks.

    And with new debt ceiling debates in Congress, watch out, lots of rhetoric, which is never good for the stock market. Previosuly I thought $12 by December 31, would be easily reached. But now I would be happy just to hit and hold the $11 mark.

    But, again, patience.....we will be rewarded. -Steven

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    • agree-looks like a good buying time to accumulate each & every lower movement from here! IF they have continued success ( like in the past) then sometime soon investors will kick themselves in the butt for not jumping in & accumulate at these prices! if the company keeps increasing earnings this price will look really good & it will be to late for the ones wishing they invested here. very FEW companies ARE NOW UNDERPRICED LIKE THIS ONE! it's hard to find one out of every 50 stock that i look at that are underpriced!

18.05+0.08(+0.45%)Oct 21 4:00 PMEDT