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vendredi 22 juin 2012

ALERT FBP (First Bancorp)

Heavy volume today and still the power hour to go.

Something is definitely going on and could either be short covering or the government selling some again today. Rememeber that they had 100M shares to disposed of and they have mentionned they will at their own discretion dispose of them.

Surprisingly, share price had hold nicely.

Very interesting to watch as of now. The closing price will definitely indicate next week direction as if it closes over 3,95 it could be very bullish.

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