Post by
Angler101 on Dec 18, 2020 11:40am
To those selling right now....
From Wednesday's press release...... "In conjunction with the feasibility study, discussions have been ongoing with potential automotive offtake partners as well as SEVERAL lenders interested in providing the balance of the capital required to complete the project." The big players are just getting ready to climb aboard, and you guys are jumping ship?!....NOT A GOOD PLAN!... IMHO.... ...but, best of luck to ya! The first domino has been dropped...the rest will soon follow...I wouldn't be surprised if the next one comes this monday....Good luck and Merry Christmas to all longs!
Comment by
Angler101 on Dec 18, 2020 12:21pm
I'm no industry expert, but I believe several agreements are already in place and were patiently awaiting Wednesday's announcement. It is highly unlikely we will now have to wait months or even weeks before we see the coming chain of events.
Comment by
NorthernLife on Dec 18, 2020 12:23pm
Technicals were not lying on this stock, Wayyyyyy overbought, you have to expect a pullback and take profits where you can then buy back in. Dont get me wrong im super bullish on FCC but always remeber that people will take profits when they see the opportunity (momentum shift). Just a little TA.....
Comment by
Angler101 on Dec 18, 2020 12:37pm
I get it...but I've been caught too many times trying to play for a few pennies and then left behind...just ask excious01 who was selling at .21...for his/her sake, I hope he got back in
Comment by
NorthernLife on Dec 18, 2020 12:45pm
FCC will be creating new bottoms as we climb up, its all about recognizing these patterns. Obviously when catalyst comes out theres not much technicals can do about it but the in between catalyst move is heavily relied on technicals in order to get an edge.
Comment by
Excious01 on Dec 18, 2020 1:07pm
I had a position still. Sold the last of mine yesterday late day. I'll be reloading in this consolidation. Everything still looks healthy.A pullback was expected after a run this hard.