Ok crawl before you can walk guys
Any talk of FBR paying divvies been 2.30 is absurd in my view
Sure it has potential but what part of that potential is built in what do we know the market know
We know they are working with CAT we know they have a MOU with KSA
We know they have 40 mill in the bank
We know HX is been assembled
We don’t know if any sales have been made
There is zero revenues
Stocks invariably go up on growth in revenue IE A2m
Some stocks go up on hype n hoopla refer most discussed stocks section on HC
Fact is until we see 2 years of revenues you can’t value FBR it’s worth zero zilch Nada
What we are paying for is potential and to some point the IP of the patents
The US market reminds me of 2008 started with volatile swings put down to profit taking
There are no bear sterns or Leeman bros scenarios but as I called thru dec jan it was ripe for a flogging in the US
What there is we have a dead crazy bond market with rising rates spooking investors into taking profits after a 5 yr bull run stampede off the top
How many gun shy stock investors do you reckon there are in the US ?
The behaviour this week is what I pointed out in the other thread big drops bring buyers hedge funds short market falls
I don’t think the correction will be deep but these type of days can wipe profits in a blink
So what to do you either buy the fact it’s profit taking or you say this crazy bond market is causing an unwinding
On ave the market crashes every ten years 2008-2018 hmm ok say no more
I think 56-5700 probably will be buy time but if the US retreats below 20 k it’s run for the hills if you haven’t At least got the back pack n torch ready
Me personally taken a lot of the table in the past few weeks and likely will be 70 per cent cash come Easter in my smsf and personal accounts
Why I think April—July will be a horrid time on the market and I’m going to Europe for 3 months this year and don’t want to monitor shares
I’ve taken a lot of profit of stocks like A2 CAR REA FlT CSL and trimmed my speccie positions while keeping longs in my SMSF open
I still have my free carried positions open in FBR if it gets to 12 they will be sold
Take this action in the US seriously guys something is not right in bond market town it’s just plain weird
Hope I am completely wrong but I see the Dow back at 18000 this year it’s just cooked
No panic in my mantra but been around long enough to take momentum seriously before it’s too late
Beware of dead cat bounces in market falls nothing but sucker rallies
Anyhow of fishing for a few days
Tight Lines
Hokey
- Forums
- ASX - By Stock
- FBR
- FBR could make you rich, or not!
FBR could make you rich, or not!, page-13
-
- There are more pages in this discussion • 656 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FBR (ASX) to my watchlist
|
|||||
Last
3.5¢ |
Change
-0.003(7.89%) |
Mkt cap ! $167.6M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.5¢ | $270.5K | 7.415M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 3654879 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 108427 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 3654879 | 0.035 |
20 | 3474036 | 0.034 |
4 | 879545 | 0.033 |
4 | 432937 | 0.032 |
10 | 1451755 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 108427 | 3 |
0.037 | 450000 | 2 |
0.038 | 185000 | 2 |
0.039 | 1002155 | 7 |
0.040 | 1989731 | 6 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
FBR (ASX) Chart |