NOBO Plays & Possible Scenario
Normal for a stock to gain 20-30% on the day of the initial "we gonna get a NOBO list" PR. Also normal to lose that 20-30% in the next day or two. Especially, when a group of known daytraders are in. Also normal for sentiment to go down after dropping 20-30%.
Also normal to combine NOBO with a PR blitz. Makes sense to try NOBO with buyback, deal with all that mess at the TA at once, and try to assure shareholders they have value in their positions. FGFC maybe holding the closing of the land deal news until the NOBO news was out there intentionally, for how long, who knows, but there maybe good reasoning. More players will watch this when the NOBO results come back, FGFC announces (if there is a) the estimated short, and announces what they intend to do about it. This at the same time the TA is updated with new share numbers, and we know the float is now only X. Remeber the big buy Yesterday? Think they planned to grab a bigger chunk when they knew volume would be up on NOBO momo?
Cant argue the increase in AS, but since if they're all restricted shares, they wont affect the reduced supply of free-trading stocks, post-buyback, in the near-term. And if Abe has all 15 million he PRed by the the end of the month, and the company retires another 40 million off the open makret sinse the last PR which stated they got the first ten? The float will be, what, 72-55=17m? Granted, Abe's could go back in the pool at anytime, and he could have bought jack as far as we know so far. At 17-32m, If everyone posting would hold tightly onto their shares, how much will the shorts have to pay for shares when they get squeezed? I guess we'll know that one in a few weeks.
It is right to be skeptical, and ask alot of questions, but dont expect everything to happen exactly when you want/expect it too. That's not real-life for most of us. This is a pink, and a gamble.
I had no luck bidding .0095 today
