StockMillionare (< 20)

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FLL Update

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January 10, 2011 – Comments (1) | RELATED TICKERS: FLL , WYNN

FLL has jumped off the 10 day moving average on high volume. Volume has been drying up lately which is good if your looking for a pocket pivot point. Average 10 day volume is 38,000. Today's volume is already over 412,000. This tells me that someone is taking a big position which is good. The compnay is still a micro cap, it has a capitilization of 68 million. This would lead many to say it's to risky. But I believe that if the stock has plenty of cash, a growth story that makes sense, and good fundamentals than these can be your biggest winners. Keep on eye on this stock.

1 Comments – Post Your Own

#1) On January 10, 2011 at 3:13 PM, StockMillionare (< 20) wrote:

I entered my pick of fll at $3.14 on motley caps. I was watching it closely since around $2.50. Looking back I wish I would have bought in at $2.50 on caps when I first began watching it. But I stick with my buy and sell rules and based on that I couldn't enter it on caps. Volume being so strong today it could be a good entry point. Or at least, a stock to considering watching.

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