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Author Topic: FRPT 50M$ contract with US Army
Jo4321
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Thanks for the PM about RB. I was able to find the link.

Big defense contract will mean more jobs for South Carolina

Dang, I put a buy order in for $4.20, but it looks like that is long-gone.

Glad I have my shares from $2.17!

Go FRPT!

Jo

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Stockguru06
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is this a pr or just a rumour?
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GhostRM
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It's an announcement from the Department of Defense... FRPT hasn't announced it yet. Associated Press and South Carolina papers printing the announcement.
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Stockguru06
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and is it certain we will see a pr about that today or is this news alraedy included in the price of today?
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Jo4321
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quote:
Jo jo jo! My AON sell order that was for $10, I now moved to $15.
LOL! I know, $4.15 was conservative. I was just trying to be happy with a little profit and not get greedy. I have too many big losses in other positions.

But I cancelled that for now and will monitor it for a bit.

Jo

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GhostRM
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I would say some of the news is in the price, but not everyone has seen it... mutual funds will be buying heavy after the PR and the break at $5.
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Jo4321
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Look at the first post in this thread. Malloy found info that also hadn't been released yet. And when it was -- BAM!

Jo

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Stockguru06
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when do you guys think we will this pr?
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GhostRM
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This afternoon hopefully.....
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Stockguru06
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so do you think it is still a good time to buy?
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GhostRM
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Yep, just buy on the dips. i'm in from $3.30... not selling until $15. Think I'm joking? This is my plane ticket outta here. I've got $30K in this.
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Stockguru06
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but when was this article released? today? since when were there rumours about that contract?
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captain america
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yeeehaw!
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Jo4321
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I'm thinking of raising my buy order to around $4.55. Don't know if it will dip that far, but it is dipping a bit now.

Jo

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GhostRM
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Everyone who did DD on this stock has been waiting for this announcement. The DoD posts what contracts are up for bidding, and FRPT/BAE was one of them.

The AP article was released this morning.

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Stockguru06
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but do you think a pr will take the price even higher as this level?
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GhostRM
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I think so... over the next few weeks, definitely.
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Stockguru06
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what is the ticker of that other company and have they released a pr yet?
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GhostRM
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BAE is a British company... they have an ADR on the exchanges... BAESY. No PR though from them.
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knicks321
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man there is HEAVY resistance at 4.70s
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GhostRM
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Wait for the official PR... then, BOOM.
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Stockguru06
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could it be possible they don't release a pr about the contract?
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GhostRM
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Why in Hell wouldn't they do that????????!!!! That makes no sense.
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knicks321
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yeah absolutly its def going to take a pr to break this baby out....i believe you there is a pr coming GhostRM this is already WAY over the 200 day MA, there has to be something going on
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Stockguru06
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when was the contract signed..i guess they won't wait that long with a pr then...maybe still today
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GhostRM
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Contract was awarded last night at 5pm.
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Stockguru06
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ok most companies release a pr within 4 days after the signature is placed so maybe today or tomorrow a pr
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GhostRM
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Yep.
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knicks321
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its gonna be released today, look at the volume there has already been over 4million dollars moved through the stock already today and the market has only been open for 40 minutes
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Stockguru06
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do we also have a short position on this stock or did they already covered their short positions?
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GhostRM
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Still on the SHO list.. I think a week now.
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knicks321
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wait its still on the SHO?! doesnt that mean it could be a squeeze play?
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GhostRM
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7 days consecutive... SQUEEEEEEEEZE!
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knicks321
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omg guys.....everyone say a prayer for this PR....this could be INSANE
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GhostRM
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I'm hearing afternoon, 2:30 - 3:00pm. EOD short slaughter.
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