EdinColorado wrote:
Lifeboat1 wrote: This is not for the perennially bashers but for those who invest based on the facts. Here is the data if you were a true long. If you bought every month since January 2016 at the mid price for the month your average price would be .32. Not a bad return. Too bad the data doesn't support the bashers claims. They can try to say I am drinking the Kool-aid but the data speaks for its self. Reliq has been a good investment for anyone who has actually been long and had faith in the Company.
Average price buying each month at the average price for the month
1 year .63
2 year .65
3 year .49
4 year .43
5 year .49
6 year .40
7 year .32
Not the portfolio destroyer that some are claiming. In fact if you were in from the beginning had faith and bought more during the lows and held off buying on the big run ups you would be sitting pretty right now with a potential 10x increase from here.
Here is another nice set of data. Other than 2018 the stock has generally gone up declined by less than 6% yoy.
Average price
2016 .15
2017 .18
2018 .90
2019 .33
2020 .32
2021 .67
2022
Sophistry with numbers is not bought into by those who are numerate either. Most on this board know they are buying and selling now, not in 2016. The bottom line is that RHT has not proven to be a great investment long-term, but those of us holding it allow that it MIGHT become that. If I didn't believe that, why would I hold it and why would I be on this board?
The service firms are FULL of stock teasers calling out "IF you had bought this in 20XX, your stock would be worth.xxx." They of course are telling truth on their example but also employing sophistry when the service firm is trying to induce using that example as logic to convince you to try to buy what they want to sell you. Please, don't try to convince holders of RHT that it has been a great investment. In honesty is has been disappointing.
If we are investing with a brain, we are not looking at just one stock but instead are looking at WHERE the probability exists toget a good return by placing a fixed amount of money in targeted investments. Between 2016 and 2022 there were a LOT of stocks in which that amount of money would have been placed MUCH better than in RHT. I did so and I trust you did too. My losses incurred by this laggard stock were offset by better investments than RHT.
Here and now, not 2016 or 2018, is always the decision time for that allocation of $. For example, do you think precious metals are going to do better or worse than RHT in the coming year of 2023?
Most think precious metals are going to do very well. A few of us here hope that RHT is going to do as well. I actually do not know, and truth be told, I feel certain that you do not know either. At this time of here and now, I've chosen to invest a bit in RHT, more heavily in precious metals, and some other areas.