FMDAY 7-8-03 to 7-21-03 and 11-6-03 to 4-8-04

March 27, 2008

FMDAY’s first run was very short lived and was just a preview to what was to come but still this particular move was a solid move as the stock gained anywhere from 50% to 80% in nine trading sessions.

the first buy:

the add:

the top:

FMDAY this time broke out above the 50 DMA and became one of the prettiest longs I still have ever seen to this day. FMDAY produced a 320% to 450% (depending on where you went long from 11/6/03 to 11/12/03 gain in only five months. This stock might not have had the greatest fundamentals but goes to show how important a HOT HOT HOT HOT chart can be for a stock’s share price.

the first buy:

the second buy:

the third buy:

the fourth buy:

the first sell:

the big sell:

the top:

Last 5 posts in Best of 2003

NIHD 1-6-03 to 1-26-04 - July 9th, 2008
NANO 9-4-03 to 1-13-04 - April 23rd, 2008
ECGI 7-7-03 to 9-22-03 - April 13th, 2008
NENG 5-23-03 to 12-2-03 - April 13th, 2008
HIL (now HILL) 3-7-03 to 9-2-03 - April 10th, 2008

Posted by Joshua Hayes | Filed Under Best of 2003

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3 Comments »

Comment by jack hakim Subscribed to comments via email

2008-03-27 22:04:17

Hi Joshua , you said your first buy was on 07/08/03.
looking at the chart why didn’t you buy on 06/19/03? It had more volume that day.

What is your criteria when you make second , third and more buys?

Trying to learn.

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Comment by Joshua Hayes

2008-03-28 02:22:04

IT IS OBVIOUS. why I did not buy in June…look at the weak closes and how far it was from the 50 DMA. You can’t buy that far away from the 50 DMA without a strong close.

2nd, 3rd, 4th buy. You can’t see that?

Uhm, not sure how you cant see it but…..how about the price, volume, and BOP off the 50 dma!

Same as everything else. This is the LAST!!!!!!!!!! stock I EVER!!!!!!!! thought ANYONE!!!!! would have to ask about.

WOW.

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Comment by Anindo Majumdar Subscribed to comments via email

2008-04-04 21:19:42

I am referring to your sell on 7/21/03. What made you sell on
that day ? To me the action on 7/21/03 looked like a breakout to
new highs on heavy volume. I would have pyramided on that day.

Thanks

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