True, but at least the stock looks like it is trading healthier today than yesterday. The key I think is slow and gradual accumulation throughout the day for whomever is buying and keeping powder dry throughout the day. Many pink sheets investors have always feel they have a hole burning in their pockets and so blow all their money in the first half of the session and then watch helpless as the end of the day dumpers and shorters come in and tank the stock, forcing weak technicals on the stock which keep other traders away for future days and then the lack of liquidity means further low volume bear raids for weeks to come thereafter. If day after day, the bulls simply keep the bid support, I think bid sitting is ok, just not if there are too many large bids way far under the current price, because then it instigates short attacks because they can see the liquidity at prices well under the current price and so they are assured they will be able to cover low if they just sandbag a few shares and get it down to those prices. The other side to it also is having a balance of traders and flippers. I have said that flipping is fine, there are many investing strategies out there and one is no better than another however I still do not think this is the kind of vehicle to do it in but that is another issue. An illiquid stock still needs the flippers and traders to come in on a daily basis so as to give the stock liquidity, that is the first step. Then long term accumulation by long term holders can provide a base, but only if that means there is stiff bid support directly under the current bid, not gigantic bid sitters far far under the current bid, that just gives the shorts a nicely setup daily bear raid play and the stock goes nowhere. Also the other side is about holders not selling at the ask or selling at all when the bid support is weak or non-existant. The MMs cannot naked short this one so as long as they see that the ASK is thin they will not want to be heavily short the stock because its too risky if you dont know what your downside risk is; ie.. where could the shares come from to cover if the immediate need existed. The daily action does turn slowly into the long term price chart and that dictates sentiment but I think fundamentally RFMK is firing on all cylinders so there is nothing for the long term investor to fear in regards to the long term price chart.
GLTA!
$RFMK!
