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Registered User
Joined: 10/24/2007
Posts: 19
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Registered User
Joined: 4/18/2005
Posts: 4,090
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what are you're goals with this one? what brought it to your attention? I'd skip it but then it would never come across any of my scans where it is.
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Registered User
Joined: 7/28/2007
Posts: 118
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I'm thinkin' not! Not for me anyway. FLML is trading below the 200,50,21,and has been below the 8 day ma. Way too risky for me. There are other bottom feeders on this forum that may be able to offer some better insight. I would watch list it and wait for price to break above the 50ma and then a re-test of the 50 before I would enter. But that is just me, you may feel comfortable with a stock like this.
Who knows........ with a 2.2 mill volume spike today............
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Registered User
Joined: 10/7/2004
Posts: 264
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Stock is hitting a support level between $10 and $7, set way back in 2003. Thus, it is a better place to be a buyer than a seller. Not sure I would be a buyer here without a good reason though. Good luck.
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Registered User
Joined: 7/28/2007
Posts: 118
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Very nice Winthy, I hope you decided to take a position after all!
Griz
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Registered User
Joined: 12/21/2004
Posts: 902
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Good call - that is a chart pattern to look for - low volatility, tightening bollinger bands, a head-fake in one direction and then a quick turn around and through the channel and out the other side. After waiting through a nice consolidation people tend to give up when it initially breaks the wrong way.. The high volume on Wednesday's up day was a great clue that the downturn wasn't going to hold.
Good job - wish I'd seen this 
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Registered User
Joined: 10/24/2007
Posts: 19
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Yeah i love that pattern...there was a lot of clear air above. hopefully some of you got on for the ride. if anyone sees that pattern ....flat lining for a while and then volume coming in to the upside PLEASE let me know...i just happened to luck into this one watching new highs of the day....
Griz, i appreciate the comments. i have done well w/ a few of your calls. I just found out about this site the other day. any input/insight is appreciated!
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Registered User
Joined: 3/14/2005
Posts: 64
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Looks like a pause before continued downside.
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