Post by
BBDB859 on May 23, 2024 3:51pm
JMHO
When I see these kind of fluctuations from day to day, I think.
There are a couple of reasons for this.
1) People wanna sell at this price, and therefore the price dips, from those sellers. If the supply of the shares goes up, the demand price goes down.
2) Manipulation, just so that manipulators can get cheaper shares, because they know the share price is heading to where every Brokerage house is saying it is for this company's shares. From the $80's to the $180's.They're just shaking bushes to get cheaper shares from the shaky hands. Some people maybe happy to sell for $92, or now $84. So that's what's going on IMHO.
I'm staying the course, just because this company is on a great trajectory financially, very soon (2025). They'll have $1B of +FCF yearly, $3.5B in net debt, $15B backlog, and management wants to create shareholder equity. On top of all this, we have a small float, and this float is sensetive to these ups and downs. But generally the trend is up from now on. Just saying, hope this helps.
Comment by
BBDB859 on May 24, 2024 9:37am
I concur with this statement. This is the bottom line "In the long run, the trend is our friend, the rest is noise."