Post by
MoneyMan123456 on Nov 29, 2022 8:26am
Fortunate Titanic - November 30th Iceberg?
The great ship Fortune appears to be dodging icebergs, with a massive one right in its path.
Luckily, as in titanic, we have a dedicated group of StockHouse musicians on deck playing a nice tune as the ship sinks. Picture the scene where the classical musicians are playing while everyone around them panics. Lol, by tune I mean discussions of "macro" and "waiting" and "gold".
6 times average 30 day trading volume yesterday. Wonder who is dumping shares? Interesting to see what today brings for trading volume and SP walkdown.
Does bankrupcty usually happen the day before or the day of when a debt comes due, asking for a friend :)
Comment by
Jim1712 on Nov 29, 2022 12:46pm
Maybe more of a Destroyer! stay tuned. Jim
Comment by
MoneyMan123456 on Nov 30, 2022 10:35am
Lol, on that point we agree...a destroyer of shareholder value. In all seriousness though, I hope that nobody on this board is too extended on Fortune and won't be too stressed by a bankruptcy. Take it as an opportunity to see how all the signs were there (e.g no apparent progress, plan or communication) and look to make it back on the next one.