OTCPK:TMBMF - Post by User
Post by
dosperroson Apr 20, 2017 10:31pm
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Post# 26146836
Type -- Fairfax is not beer league
Type -- Fairfax is not beer leagueSorry, meant to say Fairfax is NOT in the business of being beer league.
It's just a motley crew of (1) sad technical traders ('OMG the MACD crossed and the RSI is not where I want it to be so I GOTTA SELL NOW!!)', (2) daytraders folk who have made 100%+ and think "(GOTTA SELL NOW!') , (3) ship-jumpers thinking it's time to play IFP and WFT pre-SLA, and (4) who the heck knows.
That's my speculation. Assuming we've moved say 50k shares a day for 3 months, that's only 3MM shares on a 20 bus. day trading cycle per month. That's pretty light. Show us some heavy volume where demand clearly outstrips supply and where the aforementioned three cucks stop falling overthemselves to sell at $3.00 even.
TBD, but it'll be a pretty big ending. I beleive in getting good value, but esp. in how greed moves the market. Show me other stocks trading at a market cap of 1.5x EBITDA. Nope. Don't exist. Thus, 'FOMO' (fear of missing out) will be a factor