Reliq Health Technologies Inc V.RHT.H

Good discussion

[eljoro]

I've enjoyed people's thoughts here. I am not a technical trader, though I do watch for technical signs that are impossible to ignore. I'm more of a buy and hold and do usually crystallize some profits, though I have at times been guilty of not doing so. With regards to RHT: when we were last trading in the 2.15 range there were a number of technical indicators that suggested a downside of 1.55-1.70, which we have obviously reached. 

I didn't sell, though I admit I considered selling part of my position. I didn't for one main reason: I've been in this stock long enough to know that positive events like new contracts will trump technical indicators. And I'm expecting some very postive news in the coming weeks and months. I don't know exactly when, and I'm comfy holding despite the current share price decline because I'm confident that by end of June we will be higher, and likely much higher. 

When this stock first ran to $1.50 range it retraced back below $1.20 on nothing more than technicals. I added 20,000 shares under $1.20 because I saw an opportunity to build my position for the long term at an attractive price. Even with the current retracement those shares are still money makers on paper.

I see the same opportunity now and started to add again, first @ $1.66 the other day and likely later today or tomorrow if I can free up enough cash from some losing plays that I am no longer confident will recover. 

Technical traders should be respected, and certainly have been right about selling  RHT the last 6+ weeks. But I'm a story-driven, longer term investor, looking for companies I believe in and can feel good about owning. And I'm pretty confident that long term investors like me will be substantially rewarded in the months to come.

Different strokes for different folks. Best to all who treat others' viewpoints with respect.
El Joro