Mar. 4 at 4:30 PM
$FBGL I do not understand the panic at all....honestly. They secure years of revenue to get them back to IPO levels. It is going to take time. Just add on if you are long, lots of people are.
In the last month 3.8 million notional came in and at this moment only 800k has moved out.
Tracking data sets is key in long term investing.
If you know how to track reversals then just wait to dca on, they clearly have revenue to climb back up it is not like the usual penny stock with nothing but news and no sales here.
It made great gains and got more contracts, when a toxic dilution comes in it often heads to the 52week low, this can be a sign of extreme selling pressure or it could just be a retest of the level to find out if investors. As I stated I am long anyway so to me it is just cheap shares to add on.
Patience is key to winning the market, understanding the play help and if a stock has a reason to move up, it will.
Sorry to those that lost out, rebound will happen to dca if you must.
