TSXV:RLV.H - Post by User
Post by
Dlee3457on Jan 21, 2018 1:10am
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Post# 27402711
MY OPINION
MY OPINIONI have been holding this stock for a while (at a small loss), However, I believe it's geared up for an epic run sooner rather than later. Looking at the stock from the end of august, the previous bottom hit .18 December 18 and went down on the news release of the stock dillution on the 12th. and with some bids much lower (some quick bids at .15-17), The second bottom was basically .20 with some lucky buyers who got in at .19. The stock never spiraled down past that and remained to have hit a true floor. January-March 1st when they report earnings is forecasted to have only positive releases from previous statements. IMO this stock is consolidating upwards and will pick up momentum now that the sp is fully dilluted. To me it's the basic stock concept of the double bottom. A lot of shares being scrambled but insiders didn't sell past .19.
MY PREDICTION IS the stock will rise up very quickly throughout the week and settle back down and possibly find a new floor at .23-.25 area. This stock will only see less volatility once the shares have been traded to more retail investors, after that, the hype can build momentum. And this is a REAL company with real revenues. There aren't 100 fake accounts trying to pump this up and that shows the company isn't trying to inflate their SP. Let it grow organically and once the pumpers from AFI, ISOL etc do show up, they'll bring it past the 1.00 mark. Don't believe in Barcharts and Bashers, just be a smart investor.
Look at Bioganix line on Amazon. Before the holidays, the items only had 80-100 reviews on their main lineup. Now they have over 300 and these are just the 1/100 who would write an amazon review. Yes, some reviews are mixed but these are wellness products, not steroids. EVERYONE do their DD and just wait or sell!
Pet food and CBD lineup also in the works.