I agree with
@Wiseman, these is insanely oversold, and should have never gotten to these levels except for mass ignorant hysteria.
Never in my 30 years of trading have i witnessed such, and once the dust settles this will easily be back above 1 cent.
The R&D refund will be quite substantial, and FTT will move strongly up from this level imo.
I believe the hysteria came from POH a few days ago, and yet POH are trading at the same level as FTT, yet they have twice the shares on issue that FTT have, they have little cash and owe major legal costs, in other words POH are broke, yet here is FTT, with plenty of cash above the current SP.
Traders will be taken out at this level and we will see much higher levels in my opinion over coming weeks and months.
@frankieV, 100% at risk? no chance has cash above current trading level, if you believe that you would not enter the spec market at all.? 25% gain?? no chance, looking at many 100% + from this level minimum in my humble opinion. Let's see.
drifta
