I think someone is caught short about 300K shares of FNC. With the low float of shares and the chance Smith might get off his arse and actually drill, how does one cover 300k shares of a stock this tight? I will tell you, they don't at least not at these prices. I would hope the few shares out there that are in loose hands will pull their asks and make the shorters squirm. This stock has 10 bagger written all over it with any remote hint of good news. There simply is probably less than 5 million shares that are in trading hands. Now if you and I aren't sellling, who is? I belong to site called TradingChief and there are numerous big holders of FNC. We patiently wait our time on this one.

We could see new 52 week high on this stock real soon. In fact sooner than many believe. Originally I thought FNC would rock around 3rd week of Feb as drilling gets closer. It may be sooner, but we need some news releases from FNC telling us their plans.

Good luck to all patient holders of FNC, our day isn't far off on this puppy !!! JMHO

Al