The Benzo Killer - FIJ ($25M MC) ($75M ST Target), page-809

It was absent the last week, although there was a glimpse of it today with that dump similar to the weeks before last. Fairly normal activity following a CR and even more so as a big holder exits. In saying that, I think you can convince yourself of anything looking at the course of sales/charts every minute of the day. For a stock like this with a holding period of 6+ months, it would be better suited to checking once a day max - asking for a top 20 report every now and then, have that explain the price movements, then return to patient holding.

I think this is worth noting a month out from quarterly results regarding investing and patience that I like to revise upon times of SP lulls, not directed at anyone, just in general something I revise:




https://www.atradernotes.com/single-post/2017/10/02/the-art-of-holding-and-doing-nothing

My points on this:

- The stock is not the company and the company is not the stock. Has the stock price seen better days? Yes. Has the company/revenues/business activities seen better days? No. Every day the company grows, the revenues climb, the distribution deals and partnerships continue to fall in place. Why let a lull in price change your trade thesis when the company is kicking goals and trade thesis coming to fruition? Do the work, trust the work.

- There is also VERY LITTLE institutional ownership of FIJ, what this means is that if a fund wishes to buy in, they have to do so via on-market (if they have yet to participate in a CR), what does that mean for holder such as us when news hits such as a much speculative US deal or quarterly report revenue catalyst showing a strong growth pattern/management successfully hitting targets? Banks will be fighting each other to hoover shares on-market. Which is something you saw with DW8 in their post CR rally. Those who sell on the next big deal or on the quarterly report (suggesting growth is as attractive as previous quarters gone) will more than likely be selling to banks. As an ethical investment, it is even more of an attractive target.

Enjoy the ride guys, buy when there is blood in the streets to form your position, have the patience to hold after cultivating the conviction having done the due diligence. Have some kava if that eases the stress of short term volatility