Yes I agree we need positive news...but that is not news of...

Yes I agree we need positive news...but that is not news of itself.

The cynical would say it's too late for wholesale dumping anyway. However I remain hopeful that this one will turn around but I agree it is not a good sign if a major holder wants to dump. It happened with a stock I held just before bad news was released to the market and the SP dived 50%. It was a memorable situation. A few tax offsets with that one.

Who knows if the reason for the seller is because they doubt FAS, or they have urgent reasons to realize losses. You would think they would be out earlier if either were the case.

As I keep saying, nothing is certain, this is a speccie and I'm waiting to see if they manage to satisfy the funding agreement requirements so the money starts rolling in.

Watching and waiting and speculating and assuming the worst can send you crazy.

I have held on this far, and am not bailing out at this point, it just doesn't seem worthwhile when things could be just working out.

I've seen people say FMG would never get up, and seen its SP look very sick with major investors dissing it in a major way. And then it staged the mother of resurrections. Even now FMG has problems but it's not an impossible situation.

If I say never say die, I am not a ramper, nor a trader. It's just that while others are preparing for the worst I'm hoping for the best as it is still entirely possible.