well, sure. if there is an organized buying effor
Post# of 75011
Posted On: 02/24/2016 11:02:45 AM
well, sure. if there is an organized buying effort to push up the pps, then it will go up as you say. the problem is that the first one to hit the buy button will be the one getting the better share price. everyone who follows will be paying more, and more, and more as the price rises.
so, from an individual investors point of view, this strategy isn't really creating value out of thin air. one could argue that picking off cheap shares as they come available is a better strategy.
however, you point might be that our portfolios are worth more with a higher pps. well, that is true but if the higher pps is only a result of a few people pushing the ask price up, you cant realize those gains until you sell, which of course will bring the pps right back to where it started and thus there is no real gain.
the only way the share price will go up and stay up is if there is a huge and sustained buying trend. though the financials did show growth, it wasn't enough of a home run to bring in more investors. even with news of uplist may not be enough of a spark to make this big buying trend happen. i think we are another 3 months away from that big push happening and it will be dependent on a much better financial report. maybe there are magical PR's coming but right now i think that we are in a holding pattern for a few months.
so, from an individual investors point of view, this strategy isn't really creating value out of thin air. one could argue that picking off cheap shares as they come available is a better strategy.
however, you point might be that our portfolios are worth more with a higher pps. well, that is true but if the higher pps is only a result of a few people pushing the ask price up, you cant realize those gains until you sell, which of course will bring the pps right back to where it started and thus there is no real gain.
the only way the share price will go up and stay up is if there is a huge and sustained buying trend. though the financials did show growth, it wasn't enough of a home run to bring in more investors. even with news of uplist may not be enough of a spark to make this big buying trend happen. i think we are another 3 months away from that big push happening and it will be dependent on a much better financial report. maybe there are magical PR's coming but right now i think that we are in a holding pattern for a few months.
(0)
(0)Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
Scroll down for more posts ▼