FYI - In my inbox today......Aggie.....
The following is a special report brought to you on behalf of BeaconEquity.com
What a disaster for FESI today, there is no way around it. Sure, those who may have traded it early this morning may have done well as the stock rocketed over 30% in the opening hour of trading today… but then something went terribly wrong. For the remainder of the day, FESI sellers were aggressive and sold shares with disregard for any price. The stock probably traded more shares just TODAY than it has if you added all the shares traded since it had been a public company.
That would lead us to believe that we are not dealing with just a few unhappy shareholders who bought it earlier and decided to sell today. No, today looked like there were insiders who had to sell shares at any cost. For what reason we will probably never know. Payment due on the Ferrari? Perhaps someone is upgrading their yacht? Bottom line is that we will not find out who, or why, but we are all aware of the damage they did. FESI closed the day roughly 40%+ lower on massive volume. That is a disaster by any standard.
Our dilemma is that we actually still like the company. Yes, we liked it at $.30, at $.20 and we'll continue to like it under a dime if they want to keep selling it off. FESI has a great story, and they appear to be executing very well if you read the news the company has issued.
The problem is that you can't fight a seller with tons of shares to sell. That being said, it would make sense for you to just leave this one alone for now. Keep it on your radar and wait until things settle down, there might be a great time real soon to look at it again. We truly hoped this would be a big winner for our members today, but it appears that someone with a lot of stock to sell had different plans.
We never want to hide anything from our members; you should have all the information available that we do. Just so you know, as of the writing of this newsletter we own 170,416 shares of FESI. Just like you, we are very upset with the loss incurred today on this stock and we plan to sell these shares soon.
We say this all the time, but the number one rule of trading is to know when to cut your losses and move on. Never lose so much that you're not in a position to take advantage of the next big gainer.
We've alerted our members early to many great trades that people have made serious money on this year. We know the pulse of this market very well, and you can be certain we'll work extra hard to continue to uncover more great ideas.
There are several very interesting companies we're looking closely at right now. Be ready later this week when we'll be ready to release what we think will be the best one of them all.
AI
