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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

Comment by QuestionGuyon Dec 09, 2020 7:21pm
450 Views
Post# 32073545

RE:Not done yet...

RE:Not done yet...Taking profits only makes sense if you intend to take the money elsewhere for another investment or reduce your position. If you intend to buy back in, it's actually cheaper to not sell off right now while the share price is adjusting. This is what the math says on the assumption of this company growing any amount in the coming months, which is a lot more likely than not. This is a period of high volatility. And given the crazy push upwards, wild swings like this should be expected.

The company has a lot of upsides to it as a long-term investment. If it drops to $1.60 or lower, I'd actually consider buying more instead of panic selling. I bought in under 40 cents. So, I'm in this for the long-term. I could have cashed out on a pretty nice sum of money yesterday, but I'd rather stick with a company that I think will be making a lot more money for me in the future. And therefore a lot more money than cashing out over in the short term.

Remember, not all gaps need to be filled. A majority that believes a gap must be filled decides if it is filled. 
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