Post by
Lifeboat1 on Nov 02, 2023 10:58am
Why I and others stay invested in Reliq
There is a unwritten rule in investing that you buy on the dips and if you aren't willing to buy on the dips you probably should not have invested in that stock in the first place. I am invested in this stock because it is as likely to go up 10x as down 50% from here over the next 18 months. If I look at the stocks I could buy today I don't see another with that potential that has already been in business for 5 years, landed blue chip clients and doubled revenue each of the last 2 years. There are risks and you need to know what you are investing in. If the risks had already been resolved this stock would already be $3.00 a share.
Comment by
ol_griz on Nov 02, 2023 3:36pm
I bought three "dips" to average down. Big mistake as each was successively lower and then headed lower. And now I sit on a 55% loss with boots filled. There's a time to stop buying. If we see performance-based momentum, that's another story but my last purchases were a MISTAKE.
Comment by
PuerSimia on Nov 02, 2023 3:56pm
Don't be too hard on yourself. We've all been there. I keep this puppy on my radar, but I'm not so sure about mgmt. Bad history is hard to overcome. Tax loss selling coming up. Something to think about. I'd really like to see a mgmt shakeup and share consolidation. RHT shareholders deserve better.
Comment by
RottenRonnie7 on Nov 02, 2023 9:44pm
Ahhh, because this mgmt says so? Like so many other "inconsistencies" they've floated in past 6 yrs? Like auditors brought in early? Like listing on nasdaq with a sp at....ahem cdn $.33? There is a consolidation coming to a theatre near you soon! Seen too many of these unfortunately. RR