There is no telling how many investors could pile
Post# of 11899
Posted On: 09/22/2012 8:43:47 PM
There is no telling how many investors could pile into RFMK in the future or how high the stock could run with everything that RFMK has going for it, especially with national product exposure coming soon!
Pink sheets stocks, no matter what the O/S, usually fluctuate wildly and no one can ever know how low they can go or how high they could run up to. Let's take it one step at a time though, for now breaking the 200 DMA is the key for upside.
Another key point not many RFMK bulls are talking about is that the large institutional firm who invested into the company in a big way has a cost basis of $0.0045. 143M shares for just over $640K. Personally, I think it is silly for anyone involved in RFMK, longs or shorts, to make the faulty assumption that the stock price will never again reach that level in the future.
Finally, there will probably be resistance near the old high at $0.0093, so if and when we clear that level, we can talk about penny land and epic highs, especially if uplisted and on the OTCBB.
Already, the company has about $1M in assets and no liabilities or debts, so not even considering any revenues they have brought in this year, it is clear that the stock is grossly undervalued, even with the minor gains recently, which were really just merely a very normal reversion to the mean; the 200 DMA.
GLTA!
$RFMK
Pink sheets stocks, no matter what the O/S, usually fluctuate wildly and no one can ever know how low they can go or how high they could run up to. Let's take it one step at a time though, for now breaking the 200 DMA is the key for upside.
Another key point not many RFMK bulls are talking about is that the large institutional firm who invested into the company in a big way has a cost basis of $0.0045. 143M shares for just over $640K. Personally, I think it is silly for anyone involved in RFMK, longs or shorts, to make the faulty assumption that the stock price will never again reach that level in the future.
Finally, there will probably be resistance near the old high at $0.0093, so if and when we clear that level, we can talk about penny land and epic highs, especially if uplisted and on the OTCBB.
Already, the company has about $1M in assets and no liabilities or debts, so not even considering any revenues they have brought in this year, it is clear that the stock is grossly undervalued, even with the minor gains recently, which were really just merely a very normal reversion to the mean; the 200 DMA.
GLTA!
$RFMK
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