FRGB ==> The Kickoff Classic Winner

[Smoodo]

Interesting point about volume.

That is a very good observation about FRGB's volume. Do you suppose someone could be a market mover and act as a catalyst to bring the stock on people's radar? (buying or selling)

[sowersnc]

I figure it is just people that got bored and saw more exciting stocks to play or it could be insiders selling. A few thousand shares can really move this one. I just wish I could see into the future and I could have bought this one a bit cheaper.

Was or is this one listed in IBD? If so that could have brought in some momo buyers who have not been happy with the short term results.

[New-born baby]

Now

Here's the correct entry:

[lemonjello]

Tech people,

Is this stock good to go now? Looks to me like it could be.

[lemonjello]

No means No

I'll take that as a big resounding NO from the chart folks.

[jiesen]

Check out these earnings!

There's no justification for today's drop. All banks are under tremendous pressure from the market these days, due to worries of rising rates. This will pass, and the banks will come roaring back. When they do, FRGB will lead the pack:

http://biz.yahoo.com/prnews/051006/lath039.html?.v=29

First Regional Bancorp Posts Record Third-Quarter and Nine-Month Results
Thursday October 6, 9:00 am ET
Quarterly Highlights Include: * Third quarter net income highest in history * 119% year-to-year increase in net income * Total assets climb 56% to all time high * Total deposits rise 41% to all time high * Net loans increase 54% to all time high * Company raises $20 million in capital through trust preferred securities

CENTURY CITY, Calif., Oct. 6 /PRNewswire-FirstCall/ -- First Regional Bancorp (Nasdaq: FRGB - News) today reported record third-quarter operating results, with three- and nine-month net income advancing by 119% and 174%, respectively, to reach the highest period totals in company history.

For the three months ended September 30, 2005, net income totaled $7.0 million, more than doubling from $3.2 million in the corresponding quarter of 2004, and eclipsing the previous all-time high achieved in this year's second quarter. Diluted earnings per share surged to $1.63, more than double the $0.79 per diluted share recorded in the year-earlier period.

Net income for the initial three quarters of 2005 advanced to $18.6 million, equal to $4.34 per diluted share, which compares with $6.8 million, or $1.80 per diluted share, posted in the first nine months of 2004.

The company also announced sharp increases in total assets, total deposits and net loans, all of which reached record levels at the close of the most recent quarter. Assets advanced 56% to $1.6 billion from $1.1 billion at September 30, 2004. Net loans climbed to $1.5 billion, an increase of 54% from $973 million at the conclusion of the like quarter in 2004, while deposits rose to $1.3 billion, a 41% increase from $949 million one year earlier.

Jack A. Sweeney, Chairman and Chief Executive Officer, stated: "First Regional's record operating results speak for themselves. We continue to execute our proven business strategy, which has led to our excellent performance and, in turn, has resulted in a sharp increase in shareholder value over the past several years."

Mr. Sweeney continued: "Clearly, our company's consistent growth has reflected strong performance in the California real estate sector, a major component of our business and a significant factor in our loan growth.

Further, the series of interest rate increases by the Federal Reserve has had a favorable impact on our results by improving our bank's net interest margins. Finally, the sustained growth of our institution has led to economies of scale that improve our efficiency and thus benefit our bottom line."

Mr. Sweeney noted: "Last week, we announced that First Regional successfully concluded a pooled issuance of $20 million in trust preferred securities. The proceeds of this offering will further fortify our capital base and will support First Regional's continued growth."

Mr. Sweeney concluded: "Looking forward, we remain optimistic about our prospects, but are alert for potential challenges ahead. While the economy continues to grow steadily, unpredictable events such as rising oil prices, natural disasters like Hurricane Katrina, changes in economic conditions, and the effects of such events on corporate and consumer confidence can influence future performance. Our management team is mindful of these and other risk factors, and along with our dedicated and capable staff will continue to focus on the disciplined execution of First Regional's business plan. We are confident about our course and anticipate reporting a successful 2005."

[casinoboy3]

75 consecutive trades of 15% is one helluva an accompishment & i mean no dissrespect.... but these last few picks just plain suck.... granted the market as a whole isn't doing great, but it's not falling 20% either. i hope they rebound soon cause this is hurting.

[jiesen]

75 consecutive trades of 15% is one helluva an accompishment & i mean no dissrespect.... but these last few picks just plain suck.... granted the market as a whole isn't doing great, but it's not falling 20% either. i hope they rebound soon cause this is hurting.

When the market goes down 10%, $$MM's picks generally drop 20%. But when it goes up 10% his picks can and will rise 20%. You have to agree that in the long run, the market direction tends to be positive.

[casinoboy3]

When the market goes down 10%, $$MM's picks generally drop 20%. But when it goes up 10% his picks can and will rise 20%. You have to agree that in the long run, the market direction tends to be positive.

yes, i'd agree, but SPY is currently down only 4% from it's high of 124.74. i don't even want to know levels these stocks will be at if the s&p falls another 6%. And I'm not sure exactly what level the market was at when MM bought these stocks, but i'm doubting it was when the s&p was at its very peak. either way, in the long run i'm sure these stocks will eventually make their way back up. i hope at least.

[Karel]

Well, SPY is a large cap ETF, so it wouldn't compare well with a $$$Mr.Market$$$ portfolio over a short period, although it is a useful longtime benchmark. (Beat the market, and so.) IWM, the ETF for the Russell smallcap index, dropped 7% or so, my portfolio is down under 10% from its alltime high. I am not singing or dancing, but I am not too worried.

Regards,

Karel

[Lyehopper]

FRGB selling Done?

You be the judge....

http://img397.imageshack.us/img397/3269/frgb3rd.png

[New-born baby]

Jiesen's World

You be the judge....

http://img397.imageshack.us/img397/3269/frgb3rd.png

I posted a chart on Jiesen's World, and I think it is pretty clear that this is not a good time to invest in FRGB. You can see the chart over there.

[Lyehopper]

Clear as mud, NB....

I posted a chart on Jiesen's World, and I think it is pretty clear that this is not a good time to invest in FRGB. You can see the chart over there.

This is a strong fundamental pick that has hit a key technical level yesterday(the 61.8% Fib-retracement line) and has reversed. I bought it this morning.... Down side risk is minimal from here. I'm bullish on FRGB, I say BUY IT!

[New-born baby]

Best Wishes

This is a strong fundamental pick that has hit a key technical level yesterday(the 61.8% Fib-retracement line) and has reversed. I bought it this morning.... Down side risk is minimal from here. I'm bullish on FRGB, I say BUY IT!

Lye,
Best wishes with your buy on FRGB. Point and Figure chart says $80 target.

[Lyehopper]

Breaks below 61.8% line.

I posted a chart on Jiesen's World, and I think it is pretty clear that this is not a good time to invest in FRGB. You can see the chart over there.

Your TA might not be so "muddy" afterall NB....