Posted On: 05/23/2016 1:09:35 PM
Post# of 75360
Embedded in the market is a deep negative bias against all penny stocks. RMHB is swimming against the current here. For me, this, plus the fact that there are people who are short-term invested in its having a low stock price, explains what's happening.
There are no guarantees. Nothing fundamental has changed that I'm aware of, this. Anyone here who's long and strong is taking a chance, by definition. Hanging in sometimes requires courage.
It's courage if the bet pays off. It's stupidity if it doesn't.
I continue to believe that this is a great play in terms of the risk/reward ratio. A remarkably good play, actually. Which isn't to say there's no risk.
Look at it this way. A lot of RMHB bulls are looking for the stock to go to $1, $5, $10 and up. If it just goes to a fraction of that, 50 cents say, folks are still looking at a 10x plus or minus win.
As ever, long & strong.
There are no guarantees. Nothing fundamental has changed that I'm aware of, this. Anyone here who's long and strong is taking a chance, by definition. Hanging in sometimes requires courage.
It's courage if the bet pays off. It's stupidity if it doesn't.
I continue to believe that this is a great play in terms of the risk/reward ratio. A remarkably good play, actually. Which isn't to say there's no risk.
Look at it this way. A lot of RMHB bulls are looking for the stock to go to $1, $5, $10 and up. If it just goes to a fraction of that, 50 cents say, folks are still looking at a 10x plus or minus win.
As ever, long & strong.
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