PHI Group Inc (PHIL)

[TheBigMozey]

PHIL - Ardbeg - nice job on the DD information. It gives a well thought out insight on what the company is doing.
Technically, charts are a good way of forecasting what lies in the future for the price of PHILthinkorswim chart
That last trade (t-trade?) screwed the pooch for PHIL.
It dropped below the lower fibonacci line. But, nothing is exact in investing.
Let's wait to see the opening numbers. The drop could have been a t-trade from early in the day. MM's do screw around to play with the numbers on the charts.
With 40% insider ownership, I don't think insiders would be buying in the hope that the share price will go down.
The chart shows the numbers to pay attention to with the pricing of PHIL's stock
First hurdle .0501
Second hurdle .0588
Third - .0659
Just as a reference - stocks 52 week high is .1942
Just to achieve that level is a 400% increase from the current price of the stock.
Nothing is set in stone, guestimation of the pricing according to the current market.
Personally, I ain't selling until it gets close to that $.1942
Happy trading
Cheers
PHIL