GM, I don't think so, I mean I'm not quite sure if I understand to what you are referring.
I did not call it, I seldom share my views of where I think stock prices can or will go, typically I will just share my opinion that especially for PK stocks, the price and volume movements can be quite volatile and difficult if not impossible to predict.
As for the volume specifically though, I think that the daily volume of nearly 400M traded is quite an impressive feat for this stock, especially judging from its past history wherein some days it would be rare to see it even trade greater than ten million or so.
IMO it is healthy for the public float to churn and have new investors come on board, allowing the stock to refresh and have a new set of holders at new cost basis' at various levels. IMO if that such a dynamic occurred more frequently I believe the capacity for market manipulation would be diminished because there would just be more natural trading each day (actual real retail money/shares exchanging real hands, as in unique buyers and sellers), rather than the behind the curtain algo bot show nonstop shorting/covering/rinse/repeat 24/7.
I always say that price levels and movement matter more when greater volume has pushed the stock to those price levels, but really its all relative; ratio of daily volume as compared to the public float, as compared to the entire float, as compared to how much "churn" is happening via the MM's, as compared to the daily short sales, as compared to the historic volume, as compared to how many actual market participants are present and actively trading the shares, among other factors...
Well, I guess it is safe to say at this point that the bashers were wrong about this stock. Most of them were pounding the table that from triple 2's it would only go up a tick or two and then crash back down (so they were advising traders to buy the 2's and flip it all on the very next uptick). I imagine there were likely quite a few traders today of whom were following such a method of flip flop day trading when they bought at .0024 hoping to get all out at .0025 but then it closed at .0021. The point is, investing is about more than just flipping a sub-penny "play", it's about research and making sound long term decisions about where value is likely to exist in various companies into the future. I still believe that RFMK has a lot of potential for future earnings, especially if smart acquisitions are made for what is going to essentially be a holding company. I do not play the flipping game. I do day trade currencies but for equities I stick to long term fundamental analysis and I could care less what the swamp saviors think about long term investing in micro cap companies because the P/L at the end of an investment cycle is all that matters and I must say, for my own speculation portfolio, over the decades, from Baidu to other no name stocks which have achieved success, the long term strategy has paid off rather well. $$$$
$$$$
Do or do not, there is no try.
GLTY
$RFMK
I did not call it, I seldom share my views of where I think stock prices can or will go, typically I will just share my opinion that especially for PK stocks, the price and volume movements can be quite volatile and difficult if not impossible to predict.
As for the volume specifically though, I think that the daily volume of nearly 400M traded is quite an impressive feat for this stock, especially judging from its past history wherein some days it would be rare to see it even trade greater than ten million or so.
IMO it is healthy for the public float to churn and have new investors come on board, allowing the stock to refresh and have a new set of holders at new cost basis' at various levels. IMO if that such a dynamic occurred more frequently I believe the capacity for market manipulation would be diminished because there would just be more natural trading each day (actual real retail money/shares exchanging real hands, as in unique buyers and sellers), rather than the behind the curtain algo bot show nonstop shorting/covering/rinse/repeat 24/7.
I always say that price levels and movement matter more when greater volume has pushed the stock to those price levels, but really its all relative; ratio of daily volume as compared to the public float, as compared to the entire float, as compared to how much "churn" is happening via the MM's, as compared to the daily short sales, as compared to the historic volume, as compared to how many actual market participants are present and actively trading the shares, among other factors...
Well, I guess it is safe to say at this point that the bashers were wrong about this stock. Most of them were pounding the table that from triple 2's it would only go up a tick or two and then crash back down (so they were advising traders to buy the 2's and flip it all on the very next uptick). I imagine there were likely quite a few traders today of whom were following such a method of flip flop day trading when they bought at .0024 hoping to get all out at .0025 but then it closed at .0021. The point is, investing is about more than just flipping a sub-penny "play", it's about research and making sound long term decisions about where value is likely to exist in various companies into the future. I still believe that RFMK has a lot of potential for future earnings, especially if smart acquisitions are made for what is going to essentially be a holding company. I do not play the flipping game. I do day trade currencies but for equities I stick to long term fundamental analysis and I could care less what the swamp saviors think about long term investing in micro cap companies because the P/L at the end of an investment cycle is all that matters and I must say, for my own speculation portfolio, over the decades, from Baidu to other no name stocks which have achieved success, the long term strategy has paid off rather well. $$$$
$$$$ Do or do not, there is no try.
GLTY
$RFMK
