how low can this go?, page-178

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usc75

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14/09/18

05:48

Post #: 35591768
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Originally posted by ReXXar ↑

From this stock I decided to teach myself technical analysis, people say for a deep value investor it is common for a stock to drop 50% before reaching their "fair value", I know this is true for at least two highly successful fund managers, they buy illiquid stocks that often drop 50% before double and triple in next few years, look at Steve from Forager, he bought RHG @60 cents and eventually it plunged to 5 cents, that's a 92% paper loss from his first entry! Yet that was the best investment he's ever made. In reality how many people can stomach this kind of loss?? I watched Freedom drop 50% from my entry to below its net-net value and yet it keeps grinding lower, Freedom's asset is truly unique because 73% of its assets is a financial asset that keeps spitting out cash and can be sold/liquidated easily based on face value, very few companies can claim this, and yet it plunges 10% everyday with about 1% of total shares traded. This shows even a stock trading below a net-net, supposedly an arbitrage opportunity by the most conservative value measure, is no defence against price momentum, there is no other way to protect yourself against this other than technical analysis imo, its the only way to measure short-term sentiment. In some ways I'm glad I bought this stock, it has been incredibly instructive.

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Technical understanding? Explanation?

Nah!

For the FIG's of this world, look no further than its people!

And start at the TOP! The BOARD >>>>

FIG Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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how low can this go?, page-178

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