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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

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Message: Biotech Sliding since June?

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Had a look at the technicals...

in response to Rxist by rxist
posted on Nov 21, 07 06:53AM

 

and I am sorry to say that you have taken a bath these last couple of years.

The good news however is that the stock may have made a bottom at .76C. I am still trying to understand the fundamentals, which the share price says there are none;  but if there is a buyback clause for 75 million the share price may not fall much further as it is much needed revenue.

If the share price can hold @ .76 which I expect to be challenged very soon, the stock may have put in a double bottom; meaning that .76 is basic support and expect the share price to trend in this range for a while and consolidate. That is good news, and you want to see it trade sideways and churn out some shares around this price point.  What would be even better is if Volume increases above the 500, 000 average traded daily volume and you see incremental upticks in the S/P. This would be my entry point technically;  fundamentally I still am not sure where revenues are going to support this stock and it's 117million O/S.

Anything fundamnental you can add to support an increase in share price and possible timing?

Bushwacked

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