RE:RE:RE:Pretty bad really - 20% downAgreed Fast, but the shorting here with the changes made since guidance is not for the novice, unless you are looking to get your azz handed to you on a platter...if the 13th report sees higher than expected sales, Moore re-ups on guidance with more detailed, fact based data, for example, the SP could see north of $1.00 in the day's trading.
Low SP in this sector is hardly unique to FIRE in fact quite the opposite, as long as FIRE remains on track to meet targets the SP is north bound and there will even be more behind it's upward pressure if the rest in the sector continue to flounder and trend lower with much to correct, in varying degrees, and losses are realized...why shouldn't FIRE see $2 by end of FQ1/21 with sales north of $160-200mil per year and trending higher?, JMHO....Opt
Fastlane2 wrote: A few items to discuss here and one that comes to mind is shorting, first of all and speaking from experience via TD Waterhouse is you can short a stock as long as it's above $1.00 and ride it to zero if you wanted however to short below $1.00 my accounts in TD do not permit me, therefore it's the brokerages that dive in and out. Positve note is that institutional ownership is up to 5.6% from 4.8% according to Rueters insider reports. The currect share price is waffling and waiting for February 13th. as traders are just positioning themselves. Colin will be at the podium during the quarterly report and the language HAS to be bullish for share price sustainability and a notion of an upward revision or down we go.