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Replies to #426 on Food Innovation

gfp927z

03/31/22 8:19 PM

#427 RE: wow_happens28 #426

I don't currently own any (BABYF), so missed the boat. I'm reluctant to get back in, but might consider it on a pullback. Chart-wise it looks like it could test the 200 MA soon (1.54). I like BABYF's longer term prospects, so a modest position might make sense, though I now have a $1000 position limit rule for most stocks, so not a big deal either way.

With RIBT, looks like it hit a wall at the 200 MA for now. Just a guess, but with the 50 MA and 200 MA's converging, it might trade between those two areas for a period of time. You mentioned that RIBT is one of a group of stocks viewed online as a food shortage/sanctions play, so that may be the main driver for now, absent any news flow from the company.