I've been watching the retrace on FBR with the idea of entering...

  1. 676 Posts.
    I've been watching the retrace on FBR with the idea of entering at the same 20c price as Caterpillar paid. Chart shows support arrived at that level but I held off being wary that if support broke down the SP could easily head to 18c to fill the gap. Trading over the last couple of days has pushed the SP up to ease that concern, but without a spike in volume. In doing my DD I became aware that a huge block of 148m shares will come out of escrow on 18/11 plus 53m 2c options which are instant 10-baggers for the holders. So I'm keeping my powder dry to see if any of this overhang is going to be dumped onto the market. I suppose there is potential for a near-term pump to be orchestrated by the holders to maximise profits if they choose to offload. Still sitting on the fence. Any comments are welcome.

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