FIT is worth $25-$30 today, right now., before any new products and international expansion. Stock market is stupid in the short term. FIT was trading at $50 with fewer products of lower margin.
I am going to buy a bunch of options expiring in Jan 2017. They are still pretty cheap. Could turn out to be like winning a lottery ticket by Christmas.
I am not looking to buy any sector tomorrow. Brexit is an unprecedented event. .I am just wondering how hard my portfolio will be hit tomorrow. I am happy about the fact that I sold lot of weak stocks, including FIT and WFC today and am completely out of margin. On top of that added two gold coins.
Anything related to financials for sure: banks, insurers etc. Not sure how big pharma will be treated. I got lucky and sold WFC AH for 48.30.
The valuation of this entire sector doesn't make any sense. TRMR sells for an enterprise value of $30M and is projected to earn a revenue of $220M for the next year and be profitable. Why? And it STILL has been going down. It is still not cheap enough for the investors. It is absurd.
No offense taken. Believe me, I am as angry as any FUEL investor on the FUEL management. If not for FUEL I would be ahead of S&P 500 since the day I bought my first FUEL shares.
Don't waste your time. In my 1.5 years of investing in FUEL there has not been an event which has moved the share price higher.
Partly because I am stuck in it and partly because I think the product and the sector (automated advertising) has huge potential. But, I agree with you that the company is run by the biggest bunch of idiots.
And he will be buying at $10 when we will be selling. One fact that is even more true than "death and taxes" is that idiots love to sell like there is no tomorrow at 52wk lows and buy at 52wk highs and loose their life savings of $1000 and then go and vote for Bernie or Trump thinking they will give them free money or job. It is extremely hard to make them understand that they don't have a job or money not because of Mexicans but because they don't have a functioning brain.
BTW, added some at $2.40 Friday. Do you think I can get some more this Friday below $2? I would really appreciate if you can make it happen. Since FUEL is so thinly traded I think you can make it happen by shorting less than $100K.
I think the FUEL management and especially the CEO s the biggest bunch of losers on Wallstreet. The idiots could not even wait for a day after earnings to make the self offering.
I don't think any news, except for an outright selling of the company, is going to give FUEL share price a bump of more than 1 hr. FUEL defies every logic.
The whole thing makes no sense but I don't care at this point. In the last 4 quarters FUEL has declared a loss of 65 cents when the expectation was $1.40 loss. During that 4 quarters the stock has gone down 73%. I have not seen anything remotely like this in my entire investment career.
I have no idea. I think it is stupid to think Amazon is stealing sales from Macy's and Nordstrom's. Who the hell, who cares about what they wear, buys clothing from Amazon? The only clothing I buy from Amazon is Levi's (because my size is generally not available at retail stores) and underwear. Moreover, band name clothing like Levi's is not even cheaper at Amazon.
I hear you but market decides the price. In fact FUEL rejected $350M buyout offer without even giving a second thought last year when things were worse. As I have said before companies like FUEL should be valued by what it would take to build FUEL equivalent from scratch and not by profit/loss. In my opinion you wouldn't be able to build FUEL if I gave you $500M.
FUEL has no history of upward movement. So, anything is possible. But, market has become very unforgiving to loss making companies and specially ad tech companies. TUBE beat and raised guidance, still could not not hold AH gains today and at the bottom it was down almost 9%.