RE:RE:RE:RE:RE:RE:RE:Taking a breather before resuming the down trendMaterial news changes all stocks Jose, the weak head south and the strong and healthy are north bound...FIRE, while strong and healthy, has had it;s down trend from $3 and will head north when they have the support they need to sustain their move north the SP will start to move.
I get a charge out of the weak and mindless and their intended to be inciteful, 'hurtful' terms like "penny stock" and "down" to spur weak hands to sell...at rhe same time there are those that own and carry a lot of stress over these bottom level SPs and that have been that way for too long, there is no humor in that and definately needs to be called out and shite on for balance.
Everyone needs to do their DD and buy, sell or hold accordingly and they sure don't need the barking bullshite that goes along with it, to be fair....now you say you are looking for FIRE to start showing some much more realistic SP levels, like me, yet you try to spin the bullshite along with it. so do you own or not and if so why the basement prattle along with? JMHO...Opt
Joseisok wrote: OptGreen wrote: Where do you drum up this bullshite there Jose, nothing is changing and your nonsense is going to change squat as well....there is no intention of trying to move this stock at this time and that is clear. When they are ready it will even be clear to you as well.
The sector is down well off their highs for the most part, as the industry finds and hones it's nitches...nothing is running away on FIRE and won't be. When they have their ducks in a row the SP will head north on the NEWS and not before....until then hang in there and when you see that nickel it will be time to cover. Until then just enjoy the ride. JMHO...Opt
Joseisok wrote: johnale wrote: How is a downtrend even justified on this stock when it's trading at 40% of its NAV.
it's worth 2.5x current market cap - net of all debt. And if continuing to be ebita positive - the negative tone is unfounded.
realist? What's realistic about trading at 40% of your market cap and saying the stock is still going to go down?
Book value means nothing. Even in a arms length sale, you won't get near book value. In a bank sale, even the debt holders will be lucky to get pennies on the dollar. Don't fight the ticker, no idividual is smarter than the market as a whole. All the best.
Stocks are news dependant, especially penny stocks. Without news they head south. And if the previous news was less than desirable, the down trend is accelerated. Having said that, I don't believe we're dead in the water yet. Like you, I'm hoping for a reversal in the form good news.