healthyrisk: you couldn't tell I was being facetious? The last time the shares went this low, they went up a staggering 4.5 fold in less than six months.
You couldn't tell I was being sarcastic? Saying FSYS is going chapter 11 is akin to arguing that the Penthouse Playmate of the Year looks bad in a bikini .This would be about the last company that would do such a thing ( file chapter 11) when considering how stellar its balance sheet really is. I think Wall Street is overlooking this fact.
why would you try and catch a falling knife anyways? Who knows how low this could go before the bleeding stops? You could get wiped out.
will we find support at a ten year low of $10.45 ( made in March of 2009)? That could represent a very juicy entry point, because the company's financial position is far better today, than it was back then.
panic selling is obviously now occurring as the stock slumps to new lows, but who is actually buying at this juncture? The bearish sentiment is at heightened levels for sure, so we could be close to a capitulation scenario. I think if the stock fell south of $10, the company would be forced into announcing a stock buyback and a drop below $5 would trigger a change in ownership.
just look at the five year price graph for conformation that the share's touchéd below the $1 mark..I don't make these things up
Why aren't we getting any help form management? They don't even seem to issue positive press releases anymore, that could energize the stock price. Maybe they purposely want the stock to remain cheap so the company can remain under the radar .
Wow...today the shares made a new 52 week low, only to spring back into the black with nearly a 2% gain on decent volume. That is pretty impressive considering the nasdaq was down 1.4%. I guess scared money was running out of the momo stocks into safe havens, such as bargain focused FSYS. Hopefully the trend will continue tomorrow, but I am not going to get my hopes up too high.
I don't think the CEO cares too much about the stock price. If he did, he would of already done something extraordinary to stop the bleeding. He gets a big fat salary, so keeping that is probably his main prioirity
Why run a company if the owners never prosper? Pretty much anybody that invested in this company in the last ten years has lost money. The Board of Directors should do the right thing and immediately hire an investment banker to sell the company.
every time this sells off, buyers quickly rush in to swoop it up. Definite accumulation taking place as the stock continues to make higher highs and higher lows. a run back to $8 by week's end is in the cards, especially with a little help form our short friends.