FFN - Simply Perfect

I really couldn't have asked for a much better performance out of FFN. Sure the stock could have rocketed over 200% the day I alerted it, but that takes all the fun out of it. Having to ride the daily dips, trips, and hurdles of a stock that has been shorted almost to death makes it all worth it in the end.

Back in December right near FFN's all-time lows of $.51 I wrote a post entitled "FFN ready for a short squeeze?" This is what the chart looked like when I wrote that article:



I wrote about FFN many times after that as the stock slowly creeped higher, I anticipated a run to at least $1.20, even when this was a $.50 and $.60 stock. It did that and then some hitting $1.52 today. Simply perfect.

Here is what the chart looks like after the close today, anyone who decided to buy FFN after my December post is sitting on some very nice profits:



I know many have made quite a profit on this stock, including some of my subscribers. There is nothing that makes me happier than my readers and subscribers making substantial profits. While FFN could still see more gains, most notably a push back to $2.00, wouldn't have been nice to be in this stock at $.50 or $.60 or $.70 like many of my readers and subscribers?

I even wrote about this stock last week and annotated this chart. You still had a chance to make some very nice profits from this stock then. I couldn't have been anymore right about this stock:



The next FFN will come, and I will be just as happy watching them profit from it.

FFN - The Short Squeeze I Said Could Happen is Coming To Fruition

FFN just broke a major technical barrier, its 50 DMA and has its sights set on loftier prices as shorts scramble to cover their over 1 million shares they've borrowed betting on a decline in FFN. Over 20% of the float is short this stock and as they buy back shares, the stock should continue to track higher.

Here is one of the posts I had on FFN

http://pennystockgurus.blogspot.com/2011/12/ffn-ready-for-short-squeeze.html

FFN - Over 20% of Float Is Short - Squeeze Coming?

I've been writing about FFN since it broke below a dollar and hit the low $.50's. The stock is now in recovery mode, and while it is trying to watch, it is clear that the stock is working its way higher now and the selling has abated. What hasn't abated is the short sellers. The short positions in the stock increased from the previous report and now stands at almost 21%.



As the stock continues its climb out of the ditch, shorts will be looking to cover and take their profits, which, when 20% of the float is short, could lead to a nice short squeeze. Factor in the bullish looking charts and you have a stock that should post a breakout in the short term.

I still feel a push to $1.20 - $1.50 is entirely possible. This was a $10 stock less than 9 months ago and once it starts to squeeze higher there is really no telling exactly where it will go. One thing we do know, shorts need to buy back stock to profit from their bets, which only adds fuel to the fire.

FFN - Finally

FFN is finally starting to break out. The stock hit bottom in the low $.50's and has started to work its way higher. Today it was up over 20% on a breakout type move.

As I have stated many times, FFN has almost 20% of its tradeable shares short. The shorters have done well from $10 down to $.50, but at some point shorts have to cover to take their profits. Covering shorts = additional buying pressure and could lead to a "short squeeze" where over zealous shorts cover their positions. The question is are we at the start of this covering phase? or was today the final day and the stock will plunge to new depths tomorrow and into 2012?

I think there is a strong case for further gains. I particularly like how during this decline the stock has traded just under its 50DMA before taking out new lows. If this happens here we could see FFN rally to almost $1.20.

Today FFN traded 10% of its tradeable float at 776,346 , the float is 7.6 million shares.

The last reported amount of shares short is 1.18 million. These numbers are from almost a month ago. They could be different today.

I'll be watching for the increased volume to continue and I would not be surprised at all to see more of a squeeze tomorrow which could put this stock back over $1 a share and closer to its 50 DMA.

FFN - Ready For A Short Squeeze?

As of Nov 30th almost 20% of the float is short. Considering the stock has fallen since then, its safe to say there are many more shorts in this stock then 3 weeks ago, which begs to question when they will cover? Friday's high volume breakout could be the start of a nice squeeze higher for this stock. We could see buyers step in, shorts cover, and an overall lack of supply lead to a nice jump in price per share.

I do think this $.55 stock will bounce back over $1.

Thursdays Stocks To Watch - WRIT, TLAN, FFN, AERN

WRIT lets see if we can get a move back over $.01. Volume history shows this stock won't need too much buying pressure to get it out of sub-penny land.

TLAN the company has done so many positive things in 2011 including reducing the share count on more than two occasions. Currently at $.001 this stock could be one of those huge sub penny stock runners. Patience is difficult in this market but can also pay of handsomely.

FFN there is a large short position in this $.54 stock. I think it comes back soon and goes over $1. Let's see if I know what I am talking about.

AERN this is the next 'A' stock runner. At $.0056 this looks a lot like ALZM and it has the potential to pull a similar move.

Chart Updates - DHT FFN

I posted both of these charts last night on the blog. DHT came through today with an over 23% rally. While I think there could be some more room to the upside for DHT, I think the money was made with todays rally. FFN, on the other hand, has yet to get that rally that i think it will see at some point in the short term. The stock has a 7.6 million share float and close to a million shares shorted.... that was the Nov 15th number. I expect the short ratio to be higher since then, which will aid in the rally should FFN decide to bounce. At current $.84-.89 range I think the stock could see a 30-50% boost, if not more as this was a $10 stock back in the summer.



FFN $.84



DHT $1.08