FBP had a great rally last friday (and very profitable) but i do not expect it to be long lasting.. It was too much too fast (almost 8% in the last hour) without any news. It was helped by a larger than usual volume for this period of the day.
So i will wait for it to retrace to 3,48 to 3,65$ level and will buy again for the next leg up.
FBP has been one of my favorite for short term play and accumulation at the same time (selling enough to recover price paid and the balance being free shares)
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
So i will wait for it to retrace to 3,48 to 3,65$ level and will buy again for the next leg up.
FBP has been one of my favorite for short term play and accumulation at the same time (selling enough to recover price paid and the balance being free shares)
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
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