how low can this go?, page-180

First 180 Last

Share
Profile

Follow
williak

5,354 Posts.

21

14/09/18

10:33

Post #: 35597966
Share

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.

Expand

A class action, might halve the current price.

FIG Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Chaos reigns markets – so let's take stock of where we're at ahead of December

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

OCN

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

MTM

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SHN

Chimeric clocks $4.17M R&D tax rebate from Canberra

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

PME

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

There are more pages in this discussion • 297 more messages in this thread...

First 180 Last

Add FIG (ASX) to my watchlist

how low can this go?, page-180

Top Stories

Chaos reigns markets – so let's take stock of where we're at ahead of December

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chimeric clocks $4.17M R&D tax rebate from Canberra

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals