US DOD has awarded a 50 armoured-truck contract to OSK rather than FRPT. FRPT's submission to this acquisition request was not publicly announced and as such, the PPS before yesterday's monstrous drop should not have priced in winning this submission, I suppose. Therefore, I don't feel a 40% haircut is justified by not winning this contract award. A man has to act what he believes in. So, I significantly added this morning at the low and consequently, am only marginally under water at today's close. When I acquired the shares yesterday (also at the low end), I intended to play this hand strictly for a technical rebound, which I firmly believe is not a matter of if but when. After yesterday afternoon's more deeper research, I may actually keep a portion of my shares for the long haul.
I don't recommend any stocks --- tips are for waiters, as the greatest Jesse Livermore said. I am hereby only sharing what I have done. Getting help or hurt is strictly your own doing.