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Author Topic: FONR
MN Trader
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this one deserves its own thread -
Making a nice move today - they keep installing more MRI's - first one up here in MN. Someone said this should make $2 and with the way they are going I agree. I own at 1.31

Posts: 547 | From: Edina,MN USA | Registered: Feb 2003  |  IP: Logged | Report this post to a Moderator
Chicoman
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Aye MN Trader....I'm watching this one today I'm in @ $1.31 also with 1500 shares and enjoying a nice ride today. This technology and company is GOLD IMHO. Seriously undervalued and it's not very often that we see technology like FONR's StandUP MRI that can revolutionize the way a procedure or test is done. The company is headed by Raymond Damadian the man who is credited with inventing the MRI many years ago.

This MRI type scan allows doctors to position clients in the position that is causing the patient the most pain or discomfort so the doctors can better pin point the problem areas that need immediate attention versus a traditional MRI where the client lies prone in a tube with walls just inches away from their face. This can all be done while the client watches TV on a 42" plasma television.

Goto http://www.fonar.com/ and do your own DD on this company and their technology. It's a buy I think we could even see $3.00 or more if more sales are announced.

G'luck


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Chicoman
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testing that resistance @ $1.49...so far looks like it'll stay above...next resistance is a little tuffer @ 1.65 will be interesting to see how it tests that level.
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mryj2000
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I miss it.I bot at 1.21 but sold out 1.24 last week.
Too regret.

Because I think it may do the same curve like last 2 years and go to 0.80 again.


Congratualtion.


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MN Trader
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this is one that I am not in a hurry to get rid of. Could use a good score here. Close to $2 will really get me thinking.
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Day Trader
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quote:
Originally posted by MN Trader:
this is one that I am not in a hurry to get rid of. Could use a good score here. Close to $2 will really get me thinking.

I'M IN THE SAME BOAT AS YOU MN TRADER.
GOOD LUCK TO BOTH OF US AND THE REST WHO BOUGHT IN.

------------------
Mike


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Routilla
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Not as sharp as you guys/gals, but got in at 1.37 and w/ 1k shares am up $150 since this a.m. If nothing else the vertical MRI is more desireable than the horizontal from all those I've heard from who have done it. With 27 in place you have to think it's becoming envogue.
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Chicoman
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picked up some more FONR this morning at $1.39 it's dirt cheap at this level and may not see it here again for a long time.
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grjohnso
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I notice one very bullish fact about its last run. It made a new overall high in its OBV as well as its CMF is about to break a new high. If I were to buy now I would expect a 100% gain in the next months (minimum). I would however consider this medium risk.

-Greg


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mryj2000
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quote:
Originally posted by Chicoman:
picked up some more FONR this morning at $1.39 it's dirt cheap at this level and may not see it here again for a long time.

It's hard to say. It may follow its' 3 yr pattern and go to 0.75 -0.80 again. Or go up to 2.0 to form a new top.


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Art
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FONR is becoming overbought here and may start dropping.

If it stays above 1.35, then it may trade sideways then later run up again. It may instead go below 1.3, and then I would buy in at 1.2 or below, if it goes this low.


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grjohnso
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I think could be right art. For the short term. Then again if it is about to make new highs it would do that while looking overbaught thtoughout the entirety of its fast rise.

Just something to think about.

I would hold if i had it and wait a couple days to buy it.

-Greg


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MN Trader
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If you are looking to add here, it looks like it may go down some more.
Fibonacci retracements:
32% - 1.43
50% - 1.39
63% - 1.34
It hit 1.41 today so may go to 50 or 63%

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CobraJetG7
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If this dips down to 1.35 range I'll probably go in.
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MN Trader
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still holding - will sell this time when it gets above 1.50 - looking like it has a chance to move up this week.
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grjohnso
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Insiders have started selling this month.
Be carefull.

-Greg


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Chicoman
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I don't see any insider selling at all. The last insider filing to sell that I can find was April 2003. Can you post your information on FONR's insider sells because some of us have $$$ in this stock. I like this stock very much atm they have just installed #30 & #31 stand up MRI's and they have 32 more to install in the coming months....this stock could easily double from here...revenues have improved significantly and they should continue with the next round of MRI installs.

Cheers


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grjohnso
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http://moneycentral.msn.com/investor/invsub/insider/trans.asp?Symbol=fonr

there ya go.

-Greg


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Chicoman
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That's April 2003! That's 10 months ago and the selling was minimal and if I hadda wager a guess I'd say it was for personal needs. If there was true insider selling we'd see many people selling the stock and that didn't occur. In the past 6 months insider buys has increased by 400,000 shares. Sorry I'm not trying to discredit what your posting but that was 10 months ago and since that time the company has sold 45 additional StandUp MRI's and Installed over 20 more. They still have 32 more to install and the 2 new ones today in Manhattan and Queens should really bring this company into the limelight if the press like 60 Minutes gets wind of this technology. Not to mention they could be cash flow positive by the end of fiscal 2004. This company could easily see $3.00 or even more sooner than we think.

Cheers


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grjohnso
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I stand corrected.

-Greg


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Day Trader
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GOOD NEWS OUT.
SALES SALES SALES..

.

------------------
Mike

~~these are just my advices and suggestions. In no way am I'm held responsible for your trade loss.
As always, do your own DD.~~


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Chicoman
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I heard rumor that this stock was recommended by Pe*erleeds.com last nite. Anyone here subscribe to P@t@rleeds.com that could provide some insight here? Their financials from last year to this year look vastly improved and this company could be cash flow positive this year. Any information is appreciated...Good Luck to all.

Cheers

[This message has been edited by Chicoman (edited February 19, 2004).]


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