Replies to post #114834 on Creative Edge Nutrition Inc (FITX)

[barabbas2]

Said no one ever but you.

[RickNagra]

I expect us to double the 52 week high. You can sell if you want though. If you're worried then sell. We're not stopping you.

[gimmeshelter]

Or will long term investors, sensing this may become a revenue monster down the road, be buying in at the cheap prices? Some of that news Bill is holding back contingent upon approval may be a driver in the PPS, but my guess is the excitement of being approved may drive prices up into the 20s or 30s, maybe higher if the old Bernanke "irrational exuberance" takes root. At the end of the day or a few days' run, profit takers will keep it from going too much higher. Then it will taper off into the mid/upper teens and the prices will swing, back and forth, based on daily trends of profit takers selling and driving it down until investors looking for healthy long-term gains jump in and drive it back up. I guarantee this will happen and I've been right at least 6% of the time.

[sparkholiday]

This is a very different case. This is my take on it: FITX couldn't possibly have anymore exposure. Behind GWP*, it's the most widely seen stock in the sector. A lot of people are betting that the license won't happen, or are standing on the sidelines until they get it. There is a general consensus that this stock is dead money until the license comes. So, when that license comes, it'll make heads spin. From my DD, I'm confident the license will happen, so I'm holding tight here to avoid the premium that'll come with waiting for news.

[Mockingbird76]

This is not uncommon, sell the news imo. Ive been guilty of being over cautious when playing these pennies, but I'm more of a singles and doubles kind of investor rather than going for the homerun. The share structure here is pretty scary which is the main knock on this. Also the family owns a whole bunch of cheap cheap shares with very little skin in the game. It's a smart business plan for them and Bill has followed through mostly. Mom AMD pop pot shop with mainly family being the insiders and those who stand to benefit the most. I sold in the 4's thru 7's and regret not keeping more shares. The arc view presentation was what shook me out except a small position. Glta