FAB Universal spikes 9.8% as Jim Rogers discloses 10K share buy

|About: FAB Universal Corp. (FU)|By:, SA News Editor

FAB Universal (FU -13.4%) shares rally, spiking 9.8% in 10 minutes, after word circulates that Jim Rogers has upped his stake by 10K shares at $4.51/share to 69K shares.

Alfred Little, who issued a short report on the company last week, responds, "Jim Rogers buys token 10K shares.  If Jim wants to make a real bet on FAB he should call me.  I'll wager him $1MM that FAB is a fraud."