Capitulation Today, Great Opportunity to load up as these levels
It looks like capitulation selling took form today. Generally this means a reversal is imminent as the down side is significantly, very significantly overdone. There is absolutely nothing to warrant such a sell off. I am very comfortable where we are and expect to see a stong reversal coming soon. This is a golden opportunity here. Do not be a fool and sell here or you will be disappointed later. Be wise and buy at these low prices.
I agree a 100% percent... Sell off is not news or fundamentally driven... I think some stop loses got triggered, and now it's just panic selling..I bought at 1.50 and at 1.40 today.. Gonna get some more too..
The fact is they have some pretty hokey PR's. What kind of company announces that the executives are going to travel around and have meetings?
I live nearby, so I drove past their offices last week. I saw two buildings. One looks to be about 8k sf, is an older concrete office warehouse type building. It had about 16 cars in the parking lot. Then across the street is a larger building with their name on it. It has a "for lease" sign out front, so I am guessing FVRG leases only part of it. There were also about 16 cars in the lot.
It's impossible to tell what is really going on with this company. Their main product, FGXpress, doesn't even appear on their poor website. They supposedly added 3200 reps last month, but that is nothing in the MLM world. I have a neighbor who has over 50k reps under her in doTerra. She probably adds 3200 to just her down-line in a month. FGRV could be just starting something real, or they could be milking you. They sound like the latter to me.