BFAR...$0.88 (Table Pounder..)
BFAR seems to me to have a real value at this level.. When I first got the post on the possible source of selling my first reaction was to sell but: After going thru my notes and rereading all the info that was Avil.. I realized that waiting them out was a better plan of action.. Being that the stock is for sale few if any leave open orders on the books hence the opening on Friday at a 50% haircut.. I think that selling apears to be none below $0.90 except for a scattered retail order.. While not being the best position pricewise,, owning BFAR at a 2PE is cheap enough..
The group/groups that is/are in control of the selling BFAR into the market are opportunists which prey on unsuspecting companies thruout the marketplace.. They will be with us for a long time in BFAR.. Thier habits of treating stocks as sources of income at any time will not change but as long as we stay at 50 mil. shares I think that the market will absorb thier selling anytime they decide..
The problem as I see it is how many will hold the stock knowing that at any price or level we may see a 30% haircut the next day because the seller needs more funds.. I will because value is there and the sellers will be long gone when the serious money will be made.. I think at this level warts and all BFAR should be a table pounder.. As I have posted before at $0.80 and below I will agin become a buyer on a pear scale.. IMO...
hank
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