People on the board keep mentioning that the stock
Post# of 75010
(Total Views: 508)
Posted On: 10/06/2018 7:21:02 PM
People on the board keep mentioning that the stock has risen despite no release of news on the new products.
So why is the stock going up then?
A few days ago I posted that often just before big news is announced, you will often see a big surge in volume and an upward swing in stock price. This happens with pretty much any stock in the same situation.
I believe this is exactly what happened to RMHB on Friday. The people in the know are buying up some shares for themselves. Although insiders are not supposed to, there are always ways to pick up some stock.
If I am right, the volume and upward trend will continue, and very soon we will be hearing the news about Mexico we have been waiting for. Then the buying will start in earnest I suspect.
So why is the stock going up then?
A few days ago I posted that often just before big news is announced, you will often see a big surge in volume and an upward swing in stock price. This happens with pretty much any stock in the same situation.
I believe this is exactly what happened to RMHB on Friday. The people in the know are buying up some shares for themselves. Although insiders are not supposed to, there are always ways to pick up some stock.
If I am right, the volume and upward trend will continue, and very soon we will be hearing the news about Mexico we have been waiting for. Then the buying will start in earnest I suspect.
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