This is a great prospect. Like you've heard me say many times (RMHB), however, manipulation is crazy until such time that the float is mainly held by serious buy-and-hold investors, drawn to the stock due to undeniable and robust earnings growth from a steady increase in sales and possibly strategic mergers/acquisitions.
Great progress being made by HIPH, yet still the pps gets walked up and down like a yo-yo. MM's are playing their games because the volatility, growing investor/trader interest and low price makes the stock a perfect cash machine.
That's the price start-ups pay for going public while still in the very early stages of their development to fund their growth. Looks like patience with a long position will pay off for this one as well, but many will continue to flip it until the revenues carry them into the limelight and serious investment stabilizes it.
Money to be made though, for sure. Looks like a nice entry point for building a long position, or even a short term position.
Great progress being made by HIPH, yet still the pps gets walked up and down like a yo-yo. MM's are playing their games because the volatility, growing investor/trader interest and low price makes the stock a perfect cash machine.
That's the price start-ups pay for going public while still in the very early stages of their development to fund their growth. Looks like patience with a long position will pay off for this one as well, but many will continue to flip it until the revenues carry them into the limelight and serious investment stabilizes it.
Money to be made though, for sure. Looks like a nice entry point for building a long position, or even a short term position.
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