Same here but I think FUEL here is almost free gift. I don't look at FUEL as profit/loss/earnings company. I look at it as what it would cost to build FUEL (product, customers, inrasytructure etc.) from scratch and I think it would be 5X it's market cap at the minimum. RUBI has almost doubled in 2 months. It's only a matter of time before one of two things happen: FUEL quadruples or gets bought out for $7-$8.
Anything below 2.90 is a good buy in the short term. That's what I have been doing these days. At most 40 cents downside and unlimited upside.
Don't worry. Buy as much as u can below 3. FUEL will not sell for less than its current market cap of $130M even if you literally put it up on fire sale i.e. set all its buildings on fire and then put up on sale.
Thanks Citi! Bought back all the shares I sold at 3.27 on 3/31 and more below 3. Will sell again between 3.25 and 3.50 until earnings and do it ad infinitum.
That's why I pointed out that PFE is around same point. A lot has happened but large cap pharmas like PFE, ABBV, AMGN etc. are not far from where they were the day of merger announvcement
I agree completely. This is the most rediculous action I have ever seen. BTW, PFE is around where it was before the merger announcement.
You think so? I loaded up as fast and as much as I could from 13.73 to 13.45. I wish the market stayed open for another 2 hours to steal your remaining shares.
Why should that stop you from shorting additional shares? I don't think any other stock you own long or short is going to return 33% in one week. You should sell everything and short AMBA with the proceeds. That is my humble opinion.
I hope you dumped. I don't want any weak hands in this POS. My basis is twice yours and I still expect to double or more my money on this POS in less than 2 years. With the kind of revenue FUEL has it shouldn't take too long for market cap to quadruple from 165M to 650M with slight turnaround.
There is/was a very simple solution to your problem. Sell Apr 45 covered calls for over $4+ In fact I will do the same tomorrow. Just hoping for a little pop and increase in volatility tomorrow. I am putting a limit order to sell Apr 47 calls for $5. If will get executed if AMBA reaches 47 anytime tomorrow.
FIT lowered March estimates by over 60%. The stock is down only 25% since the announcement. It has a lot more to fall. Don't wait until tomorrow. It could open below 10. Sell or short in AH.
That is the problem. There are millions of idiots like this but they have no funds that can be fleeced. Otherwise, there would be lot many billionaires.
Where is the momentum? If you don't keep the downward pressure up on FIT this will pop and you will lose big.
Try to push it down in AH. With less volume you might succeed.