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Fobi AI Inc V.FOBI

Alternate Symbol(s):  FOBIF

Fobi AI Inc. is a Canada-based artificial intelligence (AI) and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. The Company enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences and drives digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale. It operates in the technology industry and earns revenues from directly selling software-as-a-service (SaaS), reselling, referring, and licensing its technology to licensors. It offers Wallet passes, which are digital representations of physical cards or documents that are stored in mobile wallet apps and simplify the user experience by providing smartphone access to membership cards, coupons, tickets, and more. It enables businesses to action, leverage, and monetize real-time data across online and offline platforms.


TSXV:FOBI - Post by User

Bullboard Posts
Comment by jethro549on Aug 16, 2020 11:23am
172 Views
Post# 31414466

RE:No flippers here

RE:No flippers here
I understand your frustrations, believe me I do, but what I would suggest to help ease your pain is to be a lot more patient and not watch a stock like this every day. A company like Mercado Libre for example almost killed me watching it everyday in the mid 2000s. Then I learned some you can watch and some you can't. Loop, despite the opinions of some, is a long term hold with volatility. The float is tight so the movements up and down are wild. In time, that levels out. Flippers move on, larger funds buy in, high networth investors take positions and the buying far out runs the selling. The early days are like a casino for day traders as they buy and sell with no real intention of holding. I say let them, since, nothing can be done about it. However, these short sellers often get burned as well. If they sell on a Friday with the hope it goes lower on Monday there technicals and level2 programs can not predict news. They have no control over company developments and market sentiment . They are using programs to predict but predictions often fail. When you see big buys like we had Thursday what you saw was short sellers getting eaten alive. Many venture capital firms take short position especially when they are young because they need quick cash so they flip. MTRX is currently playing into their wheelhouse but not for much longer. This is of course my opinion and I do not want to tell you how to invest or react but I would exercise patience if I was you and take your eyes off the price until bigger news flows in. Which, it surely will. Then the gap closes and we can move up. Take Care
Bullboard Posts