FTJoe and mostly RILEY,
Actually, I bought RMIL at 1 2 times and sold at 1.30 or so on average. I was warned by a few that it would get halted so I sold. Riley preached and preached about the short squeeze...there are no short squeezes on bb stocks, only the squeezing of people account balances who bought RMIL. MM do short bb stocks, mainly to increase liquidity of the market, then they usually cover the same day. Yes, some may be short, but the chances of them covering are almost nil.
How can anyone blame Harb for buying low and selling high...isnt that the point of stocks? Hell, RMIL had NO FUNDAMENTALS, purely momentum and the thought of a squeeze so people were holding it up looking for the magical run. NETZ has FUNDAMENTALS and revenues to back it up...the biggest thing Riley kept preaching to RMIL is the $10M financing, which is not good anyway cause the company should be able to make its own cash.
Mike Harb warned us about some stocks like RMIL and EUTO that were about to fall, and he was right. No need to get bitter RILEY because all your holdings are currently halted.
RYan
PS-Riley, how is it that you got out of the NYC Police due to disability, yet you ride a Harley all over the country??? |
