Lucky Jimmy, I actually heard some talk about that as well, that those boards possibly install malware and spyware on member's computers, but I heard it was done only for logged-in members, but who knows, I guess it is better to be safe than sorry, I agree.
Thanks for taking part in the board discussion. I honestly have no idea where RFMK will go from here. In my opinion, there is a distinct separation between the company and the stock. The company is on some path, whether it will lead to corporate accomplishments or not is yet to be seen, but from the sound of announcements coming from the CEO, real accomplishments could be forthcoming, then again some of us have been waiting multiple years to see those sorts of things actually be realized yet nothing ever really happens; all amidst continuing promises (audit, 10K filings, new product launch, hints at acquisitions, board of directors announcements, uplisting, chill removal, etc etc etc).
The other side of the equation is the RFMK stock. It sounded like from your post you were primarily referring to where the stock (PPS) might go in the future. Again I must warn all RFMK followers that even the "technicals" in the PK scum swamp market place are to be taken with a grain of salt and skepticism is wise when dealing with future stock movements. To the naysayers I always say that there is no telling what a PK will do, I have seen in the past some go from trips to tens of cents in a few weeks and I have also seen some go from tens of cents to trips in a matter of days. The PK stocks are extremely volatile and for the most part it is an unregulated area of the market. The DTC has seemingly taken on the responsibility of enforcing law and order, however it is a private company so their board of directors have their own agenda, so too often we see DTC "chills" and "global locks" on stocks they themselves would prefer to see take a nice long dirt nap; aka their "participants" (crony MM buddies et al) massively naked short and then just abandon "market making" in the stock with their buddies at the DTC left to tie up the lose ends afterwards with a "chill" or "lock" so no further trading can commence in the stock. IMO ALL PK shareholders in ANY security on the market should be very cautious and cognizant of the fact that at ANY time the DTC can step in and shut the trading down in a stock for ANY unknown reason, which they never have to provide, all the while the crony brokers get to keep your locked up capital to use however they see fit, on their own investments making dividends, or perhaps even on new Ferraris or other exotic toys.
Playing the gyrations in the PK scum swamp is akin to gambling IMO. It could go up, it could go down, there is no possible way anyone (especially retail traders) can know what the stock will do. However, what retail investors can know is the information about the company from doing their own "DD" and from that developing an opinion on the company's potential for producing sales and revenues into the future. Even with all the stock manipulation, some micro cap companies do in fact create a successful business, and typically the stocks for those companies perform well over the long term.
All I am saying is if you wish to just flip and trade the stock (speculative short term trading) then by all means, have at it, but GOOD LUCK; IMO one who engages in such trading will need it! However if you desire to only invest in micro cap companies for the vast potential they have to create sales and revenues in the distant future then I would suggest not following the gyrations of the stock too closely but instead just simply accumulate and build a position over time and keep your eye on the company and management, read the filings and understand what the potential is or could be for the company in it's sector going forward. I would also suggest that for those who only wish to engage in short term day trading to flip for gains, there are certainly much more liquid, less volatile, more heavily regulated markets available to retail traders; Comex, options trading, Forex, etc.
It is quite clear that there has been "a lot of PPS action the last few weeks", I agree, and look at the volume! However, there is no way for us to know why that has occurred or even how much of the daily volume is just churn between participants working in collusion and/or under the same financial "roof". Trading bots can drum up a lot of "churn" (back and forth trading) which makes it appear that large volumes of shares are getting traded but people all too often do not realize all that volume may not really represent real trading amongst unique individual investors/traders, often it is devised by a few participants to make it appear as if the market for the shares in the security is larger than it really is. I am not saying this is the case for RFMK I am just pointing out that all too often retail investors/traders do not take into account these perspectives when examining stock market "action" and it is wise to be skeptical. I happen to believe that the stocks of ALL of the MJ stocks in the sector appear to have been moving up together so it is likely RFMK got a boost by way of the other stocks trading upwards recently. It appears that the "technicals" for the other stocks have dropped back down and are on a downward trajectory, at least for the short term anyway, so will RFMK chart follow? I do not think anyone can know but I continue to wait on the sidelines for the CEO to deliver on multi-year promises of realized corporate accomplishments. If and when that actually happens then I am of the opinion that RFMK could possibly offer a very good long term investment opportunity for investors. I guess we shall see what happens in the end.
May the force be with RFMK.
$RFMK
Thanks for taking part in the board discussion. I honestly have no idea where RFMK will go from here. In my opinion, there is a distinct separation between the company and the stock. The company is on some path, whether it will lead to corporate accomplishments or not is yet to be seen, but from the sound of announcements coming from the CEO, real accomplishments could be forthcoming, then again some of us have been waiting multiple years to see those sorts of things actually be realized yet nothing ever really happens; all amidst continuing promises (audit, 10K filings, new product launch, hints at acquisitions, board of directors announcements, uplisting, chill removal, etc etc etc).
The other side of the equation is the RFMK stock. It sounded like from your post you were primarily referring to where the stock (PPS) might go in the future. Again I must warn all RFMK followers that even the "technicals" in the PK scum swamp market place are to be taken with a grain of salt and skepticism is wise when dealing with future stock movements. To the naysayers I always say that there is no telling what a PK will do, I have seen in the past some go from trips to tens of cents in a few weeks and I have also seen some go from tens of cents to trips in a matter of days. The PK stocks are extremely volatile and for the most part it is an unregulated area of the market. The DTC has seemingly taken on the responsibility of enforcing law and order, however it is a private company so their board of directors have their own agenda, so too often we see DTC "chills" and "global locks" on stocks they themselves would prefer to see take a nice long dirt nap; aka their "participants" (crony MM buddies et al) massively naked short and then just abandon "market making" in the stock with their buddies at the DTC left to tie up the lose ends afterwards with a "chill" or "lock" so no further trading can commence in the stock. IMO ALL PK shareholders in ANY security on the market should be very cautious and cognizant of the fact that at ANY time the DTC can step in and shut the trading down in a stock for ANY unknown reason, which they never have to provide, all the while the crony brokers get to keep your locked up capital to use however they see fit, on their own investments making dividends, or perhaps even on new Ferraris or other exotic toys.
Playing the gyrations in the PK scum swamp is akin to gambling IMO. It could go up, it could go down, there is no possible way anyone (especially retail traders) can know what the stock will do. However, what retail investors can know is the information about the company from doing their own "DD" and from that developing an opinion on the company's potential for producing sales and revenues into the future. Even with all the stock manipulation, some micro cap companies do in fact create a successful business, and typically the stocks for those companies perform well over the long term.
All I am saying is if you wish to just flip and trade the stock (speculative short term trading) then by all means, have at it, but GOOD LUCK; IMO one who engages in such trading will need it! However if you desire to only invest in micro cap companies for the vast potential they have to create sales and revenues in the distant future then I would suggest not following the gyrations of the stock too closely but instead just simply accumulate and build a position over time and keep your eye on the company and management, read the filings and understand what the potential is or could be for the company in it's sector going forward. I would also suggest that for those who only wish to engage in short term day trading to flip for gains, there are certainly much more liquid, less volatile, more heavily regulated markets available to retail traders; Comex, options trading, Forex, etc.
It is quite clear that there has been "a lot of PPS action the last few weeks", I agree, and look at the volume! However, there is no way for us to know why that has occurred or even how much of the daily volume is just churn between participants working in collusion and/or under the same financial "roof". Trading bots can drum up a lot of "churn" (back and forth trading) which makes it appear that large volumes of shares are getting traded but people all too often do not realize all that volume may not really represent real trading amongst unique individual investors/traders, often it is devised by a few participants to make it appear as if the market for the shares in the security is larger than it really is. I am not saying this is the case for RFMK I am just pointing out that all too often retail investors/traders do not take into account these perspectives when examining stock market "action" and it is wise to be skeptical. I happen to believe that the stocks of ALL of the MJ stocks in the sector appear to have been moving up together so it is likely RFMK got a boost by way of the other stocks trading upwards recently. It appears that the "technicals" for the other stocks have dropped back down and are on a downward trajectory, at least for the short term anyway, so will RFMK chart follow? I do not think anyone can know but I continue to wait on the sidelines for the CEO to deliver on multi-year promises of realized corporate accomplishments. If and when that actually happens then I am of the opinion that RFMK could possibly offer a very good long term investment opportunity for investors. I guess we shall see what happens in the end.
May the force be with RFMK.
$RFMK
