Thank you, yes, as another bull poster puts it, "b
Post# of 11899
Thank you, yes, as another bull poster puts it, "buy, hold, relax".
It's akin to watching those films of a Tsunami wave coming and all the characters are running away from the coming wave, their puny movement away from the wave is irrelevant; it should be obvious to them that the wave will overtake them in seconds but instinctively they still run away from it rather than quickly seeking some sort of lateral move or a perch. Even with all of the true longs cheering for RFMK and whatever their buying is, it does not really come close to how much capital the group of market makers who play the stock have, to be used for shorting and covering daily. The futile attempts by a few longs to push the stock price up every other day with a few share buys here or there at the ask is not really going to move the stock. It's an unfortunate situation with every stock in the market, especially for pink sheets stocks. They eventually move once either the market makers get overwhelmed with buying pressure by a flood of investors buying and they are rolling in so much money they have no choice but to sky rocket the price, or one or many large whale investors come in and begin massive accumulation of over 10% of the float and the MMs capital gets some competition. Otherwise, the daily prices merely reflect the few traders and flippers who buy the stock down one tick and then attempt to sell it two ticks higher and that action is versus the MMs shorting buys and then dragging the stock lower with low volume dumps and then covering low to make their lunch money. Business as usual.
20120830|RFMK|8077451|0|26554778|O
If we assume the MMs short say these 8M shares and then have them all covered by the end of the day, then that means that shorting and covering shares made up about 16M shares of the volume today. The total volume was 26M shares, which means that normal retail buying and selling accounted for about 10M shares. When the ratio of MM jitters favors the normal buy/sell transactions, as in 16:10, then the stock price is completely held hostage by the powers that be and no one trader or group of longs can do anything about it. Even if the ratio favored the retail buy/sell transactions then its still no guarantee that the retail group could force it up, however there would be a higher probability. I think until we see this daily ratio either even or favoring the retail transactions, then and only then, along with high volume (50M+) could we see substantial daily gains. Just my opinions.
GLTA!
$RFMK!