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Re: KNIGHT OF CUPS post# 22082

Sunday, 03/28/2021 3:27:12 PM

Sunday, March 28, 2021 3:27:12 PM

Post# of 22971
So Lessons Learned here...
I've read that when you hear about a reverse merger you should always be on the sell to take advantage of the higher PPS buyout on the front end. Same thing with the RS. There was a big hype drive to raise the PPS when the RS was imminent and a sudden drop-off right before the axe. If I had sold it all at the steep drop-off and done nothing else, it was a money maker. Hindsight best move was complete liquidation in the teens and then watch for new lows on this side of the RS. What I did instead was dump some before trips to cover the losses...but then got antsy and made the mistake of "buying back" in the trips. Of course "buy low/sell high" is a great strategy on its own, but the 60%+ drop after the RS totally wiped out the minimal sell/buy gain and the resulting buffer reserved to cover the initial investment.
So yeah...should have sold with the signs. I'd say this has to be a long-term hold to appreciate any real gains...and maybe one day there will be progress. But remember, even after the RS with a higher PPS, it is still OTC...and that's an important difference for strategy.
All speculation IMO of course...
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