Stock I'm Watching for Monday
I have been researching for that one stock that is going to help me get my portfolio back on track and I think I may have found it. The golden stock is (HOPEFULLY):
Franklin Credit Management (FCMC)
FCMC engages in the acquisition, servicing, and resolution of residential mortgage loans and real estate assets. There are three reasons why this stock looks so attractive:
1: Chart, look at the resistance here in the chart. The stocks average volume for the last 90 days have been 16K shares and Friday it traded at almost 65K shares, Huge jump and especially if we can break the resistance level. Also, a technician would be bullish when the short interest ratio approached 5.0 and bearish if it declined toward 3.0/Short Ratio (as of 26-Mar-08)3: 53.9.
Hedge Fund Crash
2:They just filed an 8-k. Here is a link.
3: Although they are in the mortgage industry, look at there Income Statement:
I am going to watch this stock very closely and enter my position into this probably tomorrow, i will update my blog first thing in the morning with what I am doing and what i am watching.
Franklin Credit Management (FCMC)
FCMC engages in the acquisition, servicing, and resolution of residential mortgage loans and real estate assets. There are three reasons why this stock looks so attractive:
1: Chart, look at the resistance here in the chart. The stocks average volume for the last 90 days have been 16K shares and Friday it traded at almost 65K shares, Huge jump and especially if we can break the resistance level. Also, a technician would be bullish when the short interest ratio approached 5.0 and bearish if it declined toward 3.0/Short Ratio (as of 26-Mar-08)3: 53.9.
Hedge Fund Crash
2:They just filed an 8-k. Here is a link.
3: Although they are in the mortgage industry, look at there Income Statement:
I am going to watch this stock very closely and enter my position into this probably tomorrow, i will update my blog first thing in the morning with what I am doing and what i am watching.
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