Saturday, July 03, 2021 12:55:56 PM
However, I've seen this situation time and time again in the penny stock world. IMO weak hands are slowly being shaken out at this price level. Some folks have grown impatient and figure that they should cut their losses before their paper losses get worse. If they are exiting their positions for ONLY that reason, then they are trading off of emotion. Then, 3-6 months later they look into the rear view mirror and see the pps at .50 or $1+, and scream..."what have a done!!" Historically, I've been there and done that myself. It's better IMO to ask oneself..."what facts have changed such that I should cut my losses now?"
Even Einstein (or any genius) cannot 'time the bottom or top'. The pros make their $ off the spread and applying statistical probabilities. If they win 65% of the time, and lose 35% of the time, they come out ahead. Assuming they beat the SP500 and they used adequate risk management.
As I've posted before - my only longer term concern with RLFTF is the risk of RAM doing an uncoordinated R/S in a desperate attempt to raise $$. An R/S is ok with me if it is orchestrated in conjunction with an NASDAQ uplisting coupled with some 'real' positive news (ex: FDA approving EUA). So far, RAM has refrained from the R/S, most likely due to pressure from GEM. IF GEM sells out, I pull out. RAM, IMO, does not come across as being very SH Friendly.
JMHO and GLTY
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