I thought it was surely a pump and dump driving Greek vehicle leasing firm Fleet Management Solutions, Inc. (FLMG) this morning, but WOW!
FLMG jumped all the way from $0.0245 to $0.0595 this morning.
The analytic firm Valuation & Research Specialists just ran the discounted cash flow math on FLMG and based on “conservative” growth, this company was worth $29 million.
Making money on FLMG is great, but I have been talking to traders all morning who have been in and out of FLMG with handfuls of cash worried they were gonna be left holding stock when it came crashing down. It never did.
If you were one of them who made money on FLMG, Congratulations!
Seriously though, I’ve been a table-pounding bear on the euro for almost two years now. With each passing day, that currency looks more and more like a failed government experiment. Painful, structural changes are needed and the profligate Greeks need to be booted out. And, even then, the euro is likely to continue its decline against other major currencies.
But the euro, perhaps in altered form, will survive. So don’t believe the doomsters who say we’re headed for another world financial calamity like we faced in 2008. Too many investors are nervously sitting on the sidelines, missing great opportunities in today’s market. If you understand how the euro crisis is a good thing, you can start making serious money again.
The Greek God’s were on the side of FLMG today but will Medusa show her ugly head tomorrow? We will have to see.
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