Great message - thanks for sharing. 100% agree. The only thing I would add is that in addition to entering once the stock is more proven, consider entering only when the risk/reward balance is in your favor. At a current market cap of $100m at 9.5c, there is still too much success factored in and so the risk/reward balance is skewed towards risk. If however, the stock was to continue to fall towards 5 cents, which looks likely from a technical perspective, then perhaps the risk-reward balance changes. At 5 cents we would have a market cap of c.$50m and given FBR have $35m cash in hand, this is a more appropriate market cap for a highly speculative stock such as this. A share price of 3.5c would mean market cap = assets, and thus 3.5c should be a floor for the share price. I.e. at 3.5c, no success is factored in. I won't consider entering until we get to 5c levels, unless the fundamentals change (i.e. emergence of profits).
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Last edited by Boz2112: 03/01/19 - There are more pages in this discussion • 123 more messages in this thread...
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Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $106.5M |
Open | High | Low | Value | Volume |
2.3¢ | 2.4¢ | 2.3¢ | $9.072K | 382.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 3695895 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 2119811 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 3670895 | 0.023 |
21 | 5976709 | 0.022 |
23 | 8120156 | 0.021 |
27 | 7048745 | 0.020 |
12 | 2082798 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 2019811 | 10 |
0.025 | 1420025 | 9 |
0.026 | 533000 | 2 |
0.027 | 540483 | 7 |
0.028 | 925500 | 3 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
2.4¢ |
  |
Change
0.001 ( 2.17 %) |
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Open | High | Low | Volume | ||
2.4¢ | 2.4¢ | 2.3¢ | 619630 | ||
Last updated 15.46pm 28/03/2024 ? |
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FBR (ASX) Chart |
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