I agree 100%. It makes no sense to chase the stock
Post# of 75386
(Total Views: 524)
Posted On: 08/05/2021 6:48:34 PM
Re: adirondackhi #69031
I agree 100%. It makes no sense to chase the stock when it starts climbing when everyone in the know(including everyone on this board) have had the opportunity to buy the stock at a bargain price for a few years now.
If you won't buy it now, why would you chase it and pay a higher price later? The rule of thumb that you buy low and sell high is not all that complicated, yet many investors still get it backwards. For example, if you bought 10,000 shares now you would triple your money at about nine cents. If you chase it later and buy it at nine cents you will have to wait until it reaches 27 cents to make the same profit.
The people who will drive the stock price are those who come on board when the company sparks their attention with it's success. Those are the new investors who will be doing the chasing while those of us who are fully invested just have to wait and decide when we will sell.
The bottom line. Buy RMHB now before the news breaks and not after the news when you will pay a premium.
I believe that time has finally just about arrived.
If you won't buy it now, why would you chase it and pay a higher price later? The rule of thumb that you buy low and sell high is not all that complicated, yet many investors still get it backwards. For example, if you bought 10,000 shares now you would triple your money at about nine cents. If you chase it later and buy it at nine cents you will have to wait until it reaches 27 cents to make the same profit.
The people who will drive the stock price are those who come on board when the company sparks their attention with it's success. Those are the new investors who will be doing the chasing while those of us who are fully invested just have to wait and decide when we will sell.
The bottom line. Buy RMHB now before the news breaks and not after the news when you will pay a premium.
I believe that time has finally just about arrived.
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