OTCQX:FSXLF - Post by User
Comment by
studpuppyon Oct 28, 2020 4:44pm
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Post# 31797662
RE:RE:RE:RE:Here comes $1.50
RE:RE:RE:RE:Here comes $1.50wow jeffer you've got balls of steel, down 6 figures ?? i'd be going nuts ...no bud i'm down but no where near 6 figs.
FSX is a low float company, only 63.6M shares out and 74M fully diluted ...even on their website says "tight share structure" ....so lets look at trading since oct 19th ( i wont go as far back as july)
that's 8 trading days roughly 4.2M shares traded , sp lost close to 30% without any negative news.
Shorts , not that big of a factor ...as of oct 15th barely 88k shares were being shorted, that many shares can't put pressure on a sp ...(unless they have gone up which we will find out next week)
im just saying a low float company with tightly held shares with no bad news PLUS the CEO buying shares on the open market (granted only 10k but still buying not selling) with a spin out on the way not normal the way its trading .....we are oversold, the BB daily couldn't hold at $2.15...the weekly BB is holding for now at $2.03...on a uptrend there's always a correction but also on a downtrend there's also couple of breaks or green days!!
Anyway im just baffled (past week has been very odd trading) and very frustrated, sorry for you down 6 figs but like you said its paper loss and your in it for the long.
regards stud