Yes, the LAND chart looks like it could bounce, but a lot of other charts are also looking that way right now. Bargains galore out there, but the broader market is what has me concerned, with recession almost certainly coming and the hawkish Fed firmly locked in its fight with inflation. GDP was already negative in Q1, and now they are saying Q2 will likely be negative too, so by the standard definition that would mean a recession is already upon us.
With LAND there is also that huge 50% crash recently, so it's one scary looking chart. For now it's holding at the mid 2021 trading range support level, but another shoe could conceivably drop for LAND (to the mid-teens?) as the broader market resumes its fall. Farmland plays could also respond badly once inflation starts to tick lower. So for now I'm refraining from the temptation to go bargain shopping :o)
Fwiw, my current strategy is to very gradually average back into the stock market using the S+P 500 index. I buy one share of the ETF every trading day (alternating between SPY and VOO), and the idea is to continue this accumulation until the end of the year. If things really tank then I'll increase the amount purchased, and then pile in bigger when/if there is capitulation. But only ~ $2 K invested so far since it's only been 6 days of purchases. Anyway, I figure it's 'a plan' :o)
Btw, I was over on the BABYF board recently, in part to see if there are any long term holders with some deep insights,
similar to you with RIBT. Not very illuminating on the BABYF board though, but I tried. I should follow the company more closely via my own research, but am lazy :o) Some of these stock specific I-Hub boards have a few extremely well informed investors, but it's rare.
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