TSXV:RHT.H - Post by User
Comment by
Ziondogon Mar 01, 2021 12:16pm
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Post# 32685832
RE:Reading Charts
RE:Reading Charts Nice post, Mullinek. Thank you so much!
One thing that you noted: "Just be careful. I bet there are members here who bought at $2 and still holding and praying."
Given that there was easy money to be made in commodities in the last half of 2020, I'd be surprised if any of those >$1.00 U.S. RHT buys were not liquidated for tax loss to offset other 2020 gains in December. Those who kept buying to average down now hold a lot of those lower-cost shares, and those now are already back in the black. They won't be letting go of these easily. Latest analyses I see on Schwab show this isn't overbought. If indeed hey have the best technology out there, it means that technology will be in the hands of the last man standing as the weaker telemedicine companies go belly-up. It indicates either a buyout of RHT at worst, or the RHT holders have invested in the company that is going to be the last standing, which is sitting in the cat bird's seat.