Great message - thanks for sharing. 100% agree. The only thing I would add is that in addition to entering once the stock is more proven, consider entering only when the risk/reward balance is in your favor. At a current market cap of $100m at 9.5c, there is still too much success factored in and so the risk/reward balance is skewed towards risk. If however, the stock was to continue to fall towards 5 cents, which looks likely from a technical perspective, then perhaps the risk-reward balance changes. At 5 cents we would have a market cap of c.$50m and given FBR have $35m cash in hand, this is a more appropriate market cap for a highly speculative stock such as this. A share price of 3.5c would mean market cap = assets, and thus 3.5c should be a floor for the share price. I.e. at 3.5c, no success is factored in. I won't consider entering until we get to 5c levels, unless the fundamentals change (i.e. emergence of profits).
- Forums
- ASX - By Stock
- FBR
- Beware the Whisper Stock
Beware the Whisper Stock
-
-
Share
Last edited by Boz2112: 03/01/19 - There are more pages in this discussion • 123 more messages in this thread...
Featured News
Add FBR (ASX) to my watchlist
|
|||||
Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $177.2M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.7¢ | $185.9K | 4.862M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 2272943 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 468603 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 2272943 | 0.037 |
8 | 3311665 | 0.036 |
21 | 2155026 | 0.035 |
13 | 1935064 | 0.034 |
5 | 478026 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 468603 | 12 |
0.039 | 544664 | 5 |
0.040 | 2616827 | 10 |
0.041 | 812456 | 5 |
0.042 | 1174753 | 8 |
Last trade - 15.17pm 22/08/2024 (20 minute delay) ? |
Featured News
FBR (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online