FRO approching 1 year support at $33

[bsk1999]

I mentioned this one before, but thought I would bring it up again. Approching 1 year support at $33. Also, declining RSI, and it seems to bounce each time the RSI hits 30 (see Late June '05 / Mid October '05 / Late December '05).

[bsk1999]

I take it no one likes FRO ... ok

[Affirmed]

Its not really worth talking about until rates pick up in July/August

[madcowdisease]

Its not really worth talking about until rates pick up in July/August

It's not worth talking about here until it becomes a sub-$10 stock. 90% of the posts in here are touting some BB or PK stock that is worth pennies or fractions of a penny. I explained the same situation to Liroff, I believe, who did a nice write-up about AMN. I told him he was just wasting his breath. If it has earnings, is over $10, or trades on any exchange (other than BB or PK), or otherwise is a smart investment you can forget it. I guess the posters here are gamblers and love high risk. Seems dangerous to me but who am I to judge?

You can see what I mean here: http://www.cramersmadmoney.com/showthread.php?t=2724

[Bman409]

I take it no one likes FRO ... ok

I've gotten burned trying to buy these beaten down tankers off "support"

NAT and GMR both screwed me..as they traded sideways for a while then broke down to start a "new leg down"

I've got to see some signs of life before I jump in

[madcowdisease]

I've got to see some signs of life before I jump in

Exactly, I'll forego the dollar or two off the bottom in order to ensure the stock is starting an uptrend by waiting for the oscillators to turn up maybe even cross the zero line just to be safe.