FBR 0.00% 5.3¢ fbr ltd

FBR General Discussion, page-6119

  1. 169 Posts.
    lightbulb Created with Sketch. 124
    I'm actually very happy that it is trading sideways for a few days. As much fun as it is watching it go up... We needed it to re-rate and consolidate which is far more healthy.

    If it goes too hard on little news... becomes too bubbly... and outruns it's fundamentals... it just comes crashing down hard, burns a bunch of new investors, breeds ill-will and bad news, and it holds us back in the future, as anyone looking at the chart (be it existing holders or people doing their research and thinking about getting in) sees big ups and downs and is wary about getting in at the wrong price.

    Sure... its great for traders who want to trade the swings... but for someone like me who wants to take a position and see it grow... seeing chart that goes up on news, consolidate, up, consolidate, up again without the big ups and downs, feels safer to get in on whilst there is a solid line of newsflow inbound.

    Thats my opinion anyway.
 
watchlist Created with Sketch. Add FBR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.