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Posted On: 08/29/2022 1:10:44 PM
Post# of 640
znewcar1, my favorite story is Balley Technologies, former stock symbol BYI. The markets had a 2 and 1/2 year bear market from March 2000 until October 2002. The internet heavy NASDAQ lost 66% of it's value and the S&P 500 lost 50%. BYI that was making slot machines at a time casinos were expanding world wide. BYI in those same months went up 106 fold, $1 got to $106.
The thought is that in a bear market, the few that go up get more attention. I don't see RIBT going up 106 fold. But I can see $40 in six months when the EOY earnings come out, sooner with the right news. I'd be happy with $20 then.
BYI is still making slots, under the symbol BALY . I don't know if they went private then public again or what.
https://finance.yahoo.com/quote/BALY?p=BALY
The thought is that in a bear market, the few that go up get more attention. I don't see RIBT going up 106 fold. But I can see $40 in six months when the EOY earnings come out, sooner with the right news. I'd be happy with $20 then.
BYI is still making slots, under the symbol BALY . I don't know if they went private then public again or what.
https://finance.yahoo.com/quote/BALY?p=BALY
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