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  • Fairpoint Communications is not going to sink

    FRP is rising again............


    Hey Guys,

    FRP is facing fear of Bankruptcy. But this is the time for us to make money by taking advantage of the Ups and Downs that go with the confusion attached with its fate.

    Fairpoint is struggling long with economy and had decreased to  45 cents. Today during the trading day, it rose 32 % and again rose around 30 % in After hours. There is no doubt that  this rumour and confusion will result in a huge rally on Thursday.

    I would suggest to ride  it tomorrow and to be on the safer side, dump it tomorrow itself. There is an excellent potential for profits in this stock.

    Verizon is the successor of Nynex and, before that, New England Telephone, the company launched by Alexander Graham Bell, inventor of the telephone. Despite its long relationship with the state and its investment here, it wanted out.
    It found a buyer in FairPoint, which would be almost eight times larger after acquiring the systems in Maine, New Hampshire and Vermont.
    Verizon needed the approval of state regulators for the sale. The regulators agreed, apparently without seriously considering the option of rejecting the Verizon request.
    Whole News here 




    FairPoint Communications, Inc. (FairPoint) is a provider of communications services in rural and small urban communities, offering an array of services, including local and long distance voice, data, video and Internet and broadband product offerings. It operates in 18 states with 1.7 million access line equivalents (including voice access lines and high speed data lines, which include digital subscriber lines (DSL), wireless broadband and cable modem) in service as of December 31, 2008. On March 31, 2008, the Company completed the merger with Spinco Inc. (Spinco). Spinco was a wholly owned subsidiary of Verizon Communications Inc. (Verizon) that owned Verizon's local exchange and related business activities in Maine, New Hampshire and Vermont. Spinco was spun off from Verizon immediately prior to the merger.
    More Info at reuters

    I would love to make money with this stock tomorrow.

    Do leave comments about your trading exxperience. Nobody is perfect and all your predictions cannot be right, so do share your losses too as something can be learnt with each trade.

    God Bless,


    Be Rich.

9 comments:

  1. Anonymous says:

    is there anyway we can get these kind of newa before the rally?

  1. Manders says:

    What is the approach to entering this stock? on market open? or wait for a dip .... any thoughts thanks

  1. Anonymous says:

    Such stocks must be bought as early as possible.... Entering in pre market was the best option here. Most of us entered premarket between 8:15 to 8:30 am at avg price 0.79. Sold at 1.12 with 40 % profit. Good luck to all

  1. Anonymous says:

    You talked about SPRD on Aug-19. It's shows an odd behavior, any thoughts?

  1. SPRD had a good news on 18th as it declared results. I don't see in SPRD any life to jump high. NO hype and no volume at all. I don't want you to store your money. Get out and invest somewhere else where you can get profit.

  1. Anonymous says:

    SPRD ya I'd like to hear any thoughts too ..

  1. Anonymous says:

    Nice pick today.

  1. Anonymous says:

    Thanks. I am interested in the rationale behind the conclusion that this stock will rise today. Do you have a list of good websites that you go everyday for research? Can you recommend some here? Guess you find a list of stocks first and then do TA on it or just check news? I am old now, hopefully not to late to learn..:-)

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