RE:RE:BTE LEVEL - NOT ABOVE $5.40 IS THE WORDSo if everyone accumulates at under 5.40 do they not wish for the sp to rise after they have made their purchases?
Kelvin wrote: Yes I agree riddler and btw thank you for posting 2nd level. To me it seems that the market makers are trying like heck to suppress the sp so that their masters can accumulate. Normally they would use some fear headline to stem the buying momentum upwards. But nothing seems to be working so they need to put up these walls.
Their problem is that the longs won't sell. That leaves the traders who are traders because they're smart enough know not to jump ship when the tide is rising. So I guess that they must be waiting on some headline that will create fear, uncertainty, doubt aka FUD. In the absence of FUD this sp will probably grind upwards because the fundamentals for bte look fantastic to me. Great fcf yield and rising, great fcf to asset ratio meaning bte is getting really good at creating cash flow out of their asset base especially at Clearwater and debt to equity ratio getting better as total assets grow.
I don't care about earnings per share in a company in growth mode like bte is. Amazon had negative earnings per share for well over a decade and look where it's at today as compared to 20 years ago. That's because Besos was piling money into growing its revenues and fcf and showed losses for years and negative eps. Bte is in growth mode. Focus on the fundamentals. Debt to equity, fcf yield, fcf to assets etc. The other stuff P/E ratio, eps is for people who missed out on Amazon and a few other companies and bought Enron, Nortel instead. Lmao!