FBR 3.85% 5.0¢ fbr ltd

FBR undervalued! time to get involved., page-90

  1. 522 Posts.
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    People seems to be concerned in relation to the dip in share price.

    Look at the chart, price was 17 cents 14 Aug.

    It hit 28.5 cents 23 Aug.

    Many buyers are happy to lock in profits. If you bought @ 17 cents and sold @ 28.5, that is a nice profit which means money in the bank.

    Remember, the more people that try to lock in profits at the same time will usually cause the price to dip.

    Many shares are coming out of escrow as well. Extra pressure on the share price.

    The FBR share price gains are amazing, the best performing share in my portfolio but I am in it for the long-term.

    I can see the potential, I am not interested in selling at this stage.

    I want to see the robot in a commercial production. Caterpillar would have carried out due diligence, they are not stupid. Even though a few millions are peanuts to them, the board are answerable to the share holders.

    Just my opinion anyway.
 
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