Reliq Health Technologies Inc V.RHT.H

Why I favour fundamental investing

[eljoro]

Not to rehash a discussion that went south in a hurry but I do note that CanadaBulls.com, a purely technical website, issued a SHORT recommendation at the close of trading 2 days ago. We saw the share price fall immeduately at open yesterday, likely partly because of it. At the close of trading yesterday, after we recovered and closed slightly higher the same website recommended its subscribers STAY SHORT. 

And then the company issues a new contract release late last night. Shorts are going to face a squeeze today.

This is why I favour fundamental investing, especially in companies I have been involved with a long time and have regular contact with management to answer questions.  

I am NOT saying that all technical investors went short, and I am not saying that all technical indicators are value-less. I am saying, once again, that in an explosive growth story like Reliq to completely discount the possibility (nay, probability, if you had taken the time to converse to management) of new patient adds you are, IMO, investing recklessly.

And mark my words: This will not be the last time we hear about new patient additions this quarter.

Best to all,
El Joro