another board member (sorry..but i cant attribute
Post# of 75360
Posted On: 12/10/2015 11:05:08 AM
another board member (sorry..but i cant attribute credit as i just forgot) but december is the big time for the OTC selloff so investors can take losses for tax purposes to offset gains. that makes sense. that may explain some of the pps drop...some. i would expect a january bounce.
being that the price drops on good news, this is indicative of RMHB being targetted by naked short selling. its an attempt to demoralize investors into giving up and selling their shares and its a trick that works. shares are borrowed, but not really owned, and then placed up for sale to drop the ask price way down. this activity is supposed to be illegal by the SEC but i am cynical and wonder if they really can enforce it as its hard to prove.
i know this is counter intuitive, but in order to protect your investment, investors need to ignore this activity and hang on to their shares. that is tough to do when everyone is thinking for themselves and their own portfolio...but in the long run, its perhaps the best thing you can do for your own portfolio...but it only works if everyone stays long. just my 3 cents. i've been wrong before....once...and it might happen again.
being that the price drops on good news, this is indicative of RMHB being targetted by naked short selling. its an attempt to demoralize investors into giving up and selling their shares and its a trick that works. shares are borrowed, but not really owned, and then placed up for sale to drop the ask price way down. this activity is supposed to be illegal by the SEC but i am cynical and wonder if they really can enforce it as its hard to prove.
i know this is counter intuitive, but in order to protect your investment, investors need to ignore this activity and hang on to their shares. that is tough to do when everyone is thinking for themselves and their own portfolio...but in the long run, its perhaps the best thing you can do for your own portfolio...but it only works if everyone stays long. just my 3 cents. i've been wrong before....once...and it might happen again.
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