$RIBT--My favorite bear market story is BYI, Bally
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Posted On: 01/31/2021 3:45:42 PM
$RIBT--My favorite bear market story is BYI, Bally Technologies. The NASDAQ fell 66% from March 2000 until October 2002, 30 months. The S&P 500 fell 50% in that same time span. The main reason was internet stocks went wild in the late 90's. BYI in those exact same years went up 106 fold. They made slot machines in the years when Indian casino's were opening around the USA and casino's in general were opening all around the world. BYI was bought out yeas ago, wish I still had the chart.
So, a good stock can do well in a bear market. In fact if not many stocks are going up, a good stock might get more attention with fewer to choose from. I am not saying that will happen to RIBT, and 106 fold, lol. I'd be very happy with 15 fold from here.
If the overall market tanks from here, I hope RIBT holds it's own and rallies on bear market rallies and on good news as well. RIBT is in the right area for Biden, plant protein. And Biden could help Impossible Foods get to China and still have hopes for RIBT being in Impossible Version 3. If that dream comes true, China and Impossible, RIBT will be $20 stock.
Meanwhile back to the real world......
So, a good stock can do well in a bear market. In fact if not many stocks are going up, a good stock might get more attention with fewer to choose from. I am not saying that will happen to RIBT, and 106 fold, lol. I'd be very happy with 15 fold from here.
If the overall market tanks from here, I hope RIBT holds it's own and rallies on bear market rallies and on good news as well. RIBT is in the right area for Biden, plant protein. And Biden could help Impossible Foods get to China and still have hopes for RIBT being in Impossible Version 3. If that dream comes true, China and Impossible, RIBT will be $20 stock.
Meanwhile back to the real world......
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