volume light since around 12 syd time, page-42

Well it looks like the payroll numbers were below expectations.

If FDL trades higher on Monday it will only be due to a really good announcement or sheep blindly buying into the dream.

In any case all i wanted to point out was that general market sentiment does play a roll in stock price movements. If you are too naive to beleive that im sorry.

I dont have anything against FDL, however from my own trading point of view i always like to know if any market moving news is due out overnight in the US.

Would i buy and hold FDL? No, i did trade it a few weeks back (owned it for around 2 hrs), brought at $0.065 and sold at $0.087 the same day. It did go to $0.15 either the same day or next day so it did cost me around $35k in lost profit but a profit is a profit. I only brought it because i saw the volumes, read the report and guestimated that a market cap of around $90m was about right given the limited info i had available.

My market cap guestimation was sort of right until the 28th when it broke out again. I was surprised because there was no news out so i started watching the price movements again.

I just think a market cap of $135m at this point is a little on the high side. As more info becomes available i would expect the price to firm but until then i wouldnt be surprised to see $0.01-$0.02 daily price swings. The only problem with this is because its over $0.10 its $0.005 increments so you get stung on the bid/ask spread on trades.

Lets just see how many bids disappear from the bid side on Monday.