RE:Glimmers of hope 2019 into 2020Pretty hard to see much positive with a $0.65 SP Fast, other than something less say $0.25 would not be kind...with the rest of the main players in the sector in much the same boat it makes it much easier to take. The short positions will all but dry up over the next couple of quarters for FIRE and for most of the rest that will be able to re-tool, make the adjustments necessary to survive the short term and have made the changes required to grow and prosper going forward.
Let's say FIRE generates ~$30mil in sales for the current quarter end at the end of the month, this would leave ~120mil in sales over the next 2quarters....we should be in that $1.25- 1.50 range by the end of FQ3/20. With this level of sales/revenue the resistance you see should be pretty short lived one would think, especially when FIRE is basically the only one, or one of the few, that are not restructuring.
When you add that FIRE should show real profit by end of FY2020 while many struggle to survive, realizing losses and trying to implement major restructuring for many, if they can even accomplish that end.
The third party intrest needed is for investment in Supreme, or where and why? Always appreciate the insight Fast, JMHO....Opt
Fastlane2 wrote: Trying to find some positives for the share price even though fundamentals are good. Resistance points at $0.67 and $0.69 then $0.83 then $0.86 then $1.01 all can be surpassed with volume. I'm sticking to my guns that Supreme will hit hard resistance at $1.27 $1.29ish with a hard cap at $1.41 A question on the short position on Supreme as of December 1st reporting 4.6 million shares held short and the latest report date of December 15th. 2.15 million shares held short. Looking at historical data December, January and February are the months with the lowest short positions. Supreme needs interest in a third party and that's not the retail investor.