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Rapid Fire Marketing, Inc. RFMK
Posted On: 08/13/2012 4:11:25 AM
Post# of 11899
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Posted By: EliteYoda
Re: hurtszz #2285

I really do not see how it could fall much lower than .0007 on above average volume as I cannot imagine any holders actually own any shares lower than that cost basis. In my opinion, it can really only move up because I do not see where the sellers are going to come from. The only way the price could drop under that level is if the MMs kept shorting it lower on low volume which would mean nothing anyway, or if the company diluted further and became a seller at any price (falling down), or if there are still pref shares out there getting converted and dumped and those insiders dump at any price (falling down), all the while the stock would have to also really see hardly any buy volume. It could happen, that is all possible, but I think unlikely. I feel like the company has already executed the dilution they needed to do and there probably are hardly any more pref shares out there to get dumped and even if MMs take it down further at some low low price, I would think they would run into point of diminishing returns; as in, eventually the sellers dry up and its not so easy to cover intraday shorts so they would quit shorting so much and take the stock higher. Actually I think the chances are that the stock rebounds soon to the upside. The 10 day moving average is still at .001 and the 200 day moving average is still at .0029 so it could retest those levels once again, especially if buying volume came into the stock on this latest news or new news to come. Just my opinions.


GLTA!


$RFMK!














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