Great points! I agree.
I would think by now we have shaken most of the weak hands and so there are not very many sellers. The level of buying though is weak as well, for now. Who knows, I would imagine the buying pressure could pick up momentum as we get closer to the Nov elections. I think most longs know this so I seriously doubt any holding for this long would get scared out and dump their shares under the 200 DMA only weeks away from what could be a historic MJ vote. You can see that the momo already started in other MJ stocks like HEMP, etc. They have much smaller floats so the PPS rise will be more dramatic in those based on equivalent buying power. I think though that as the word about RFMK spreads, the volume could increase and that could lead to higher prices. Notice the short volume was much smaller than average today; it could be that MMs and market players are finally going to cover and let it run. We shall see what happens. Whatever happens, I am personally waiting for the 10K and Q3 report as well as how the elections go. I am not looking for short term volatility so I rather enjoy the stock hovering just over the 200 DMA, where it is right now. I think the current price, even though it is a joke and a steal, is a reflection of how anemic is the volume and how few buyers there are for the stock right now, but that could all change rather suddenly; remember how some of the other epic runs in the PK stocks of old went up up and away! And yes, longs can still be excited about run ups in a stock that they really hold for fundamental reasons (long term investments). Many of the losers out there with no vision will tell you that there is no way to make money buying and holding long in PK stocks but it just is not true. There is a reason why they are so adamant about trying to convince everyone the best way is to flip flip flip. They are typically MMs who get on the boards to stoke fear and sway sentiment. They need traders to turn their accounts around frequently so volume can be higher and they can make more commissions. They also love to SHORT and there are explanations on the web you can find which explain why many long term holders make it difficult for them to short the float and profit off of the traders. Beware the dark side of the force, lies, deceit, mistrust are their ways.
TIC TOC
$RFMK!
