Think Before You Flip!
Post# of 75385
(Total Views: 575)
Posted On: 08/26/2020 4:58:21 PM
Re: adirondackhi #64596
It might look tempting to flip the stock at six cents and get back in at below five, but it's playing a risky game.
If the 1st and 2nd quarter results are as good as we expect the stock could easily jump a few cents and all the flippers will be out in the cold if they sell at six cents and the stock jumps to eight or nine cents. If that happens we may never see five of six cents again and flippers who want back in will have to pay a premium.
I have a personal rule about attempting to flip a stock. Don't flip more than 25% of your stake and be happy with the price you sell at in the event the stock doesn't go down and allow you back in. At least you are still holding 75%.
That being said, I simply won't take the chance flipping RMHB at this point in time and will hold my shares. We are too near a major turning point for the company to be screwing around, especially after all the time all us longs have invested in RMHB.
If I eventually do flip some of my stock it will be when I am out of the red and into the green. That makes much more sense to me and most of us have a ways to go before seeing a profit and seeing green..
If the 1st and 2nd quarter results are as good as we expect the stock could easily jump a few cents and all the flippers will be out in the cold if they sell at six cents and the stock jumps to eight or nine cents. If that happens we may never see five of six cents again and flippers who want back in will have to pay a premium.
I have a personal rule about attempting to flip a stock. Don't flip more than 25% of your stake and be happy with the price you sell at in the event the stock doesn't go down and allow you back in. At least you are still holding 75%.
That being said, I simply won't take the chance flipping RMHB at this point in time and will hold my shares. We are too near a major turning point for the company to be screwing around, especially after all the time all us longs have invested in RMHB.
If I eventually do flip some of my stock it will be when I am out of the red and into the green. That makes much more sense to me and most of us have a ways to go before seeing a profit and seeing green..
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