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Forte Group Holdings Inc C.FGH

Alternate Symbol(s):  FGHFF

Forte Group Holdings Inc. is a diversified lifestyle and wellness consumer packaged goods company. The Company develops and manufactures a range of alkaline and mineral-enriched beverages and nutraceutical supplements for both its TRACE brand and private-label clients. It operates through two segments: alkaline and mineralized beverages and supplements and eCommerce. The alkaline and mineralized beverages include the development and manufacturing of the TRACE brand and other beverages and supplements. The eCommerce segment includes direct-to-customer sales of natural health products. The Company owns a pristine natural alkaline spring water aquifer and operates a 40,000-square-foot, Health Canada-and HACCP-certified manufacturing facility near Osoyoos, British Columbia. The Company’s distribution network includes traditional retail and e-commerce channels, delivering wellness-focused products directly to consumers through its innovative offerings.


CSE:FGH - Post by User

Comment by luckyAFon Oct 12, 2020 10:56am
127 Views
Post# 31704038

RE:RE:RE:RE:RE:Hard to believe 2 things about BEV

RE:RE:RE:RE:RE:Hard to believe 2 things about BEVHolding for 2 years with a cost base well above $0.30 and selling at break even isn't a safe/smart play. Neither is buying in the low $0.20's and selling on the first spike just to try to squeeze an extra five cents on a 100 cents opportunity.  That's swing trading with long term investment inventory and it's a BIG NO NO!!! You'd have to have 90%+ confidence to risk missing out on the 100 cents of upside... which doesn't exist for trading periods longer than 2 minutes.  Especially on low volume stock like this.

So what are you gunna do if we see a print at $0.38 before a print at $0.30? Just watch while you have no position? Buy back for a loss vs. holding and hope it doesn't test the low $0.30s again? If you wanna swing trade while you wait for this stock to finish climbing, IMO find another stock that is more condusive for swing trading. "I'm really watching this one and I can FEEL this market" is a bad reason to try to piss where you swim by short term trading with long term investment inventory.

This stock has fundamentally changed since the 28th. Sentiment has shifted. There's a literal market maker participating in the order book now. There are aggressive buyers trying to position before potential announcements about business development. This is a brand new stock and also now a brand new chart. The price action prior to the 28th is no longer relevant... the pros are trading this like the price action farther away than 2 weeks ago doesn't exist. Maybe some are using market profile/volume metrics. But only the newbs are looking backwards on this trade right now.

If investors are as bullish as you on on this company's fundamentals, then the best strategy is to buy, set a sell limit order at $1.53, and then not look at the chart for 3 months. Manage risk with size and maybe put a wide stop loss in if they don't have a stomach. If the buy price and the sell price are "secured", the volatility that happens in the mean time has no consequence in the end. 

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