I feel a disturbance in the force.
I see that the short term RFMK stock performance is having a negative emotional effect on many followers here. That in itself just confirms my realization that many RFMK followers are way too interested in the spot PPS and not really understanding the long term potential for this company.
I see that a small dip in the PPS with a mere 2% of the float trading and there is combative behavior, fear and doubts spreading. Its weak. This is investing, the stock market moves up and down, stocks like RFMK move up and down. There exists technical weakness in RFMK and the MACD was already on a downward slide on Friday so it is just continuing its smoothing pattern, the RSI is refreshing and the spot PPS is hitting down against support at the exact Bollinger band. This is expected. There is nothing unusual about this at all. Its time to relax and think about the big picture. As Hurtszz pointed out this is probably a lot of short covering. We know this stock has been heavily shorted for months and it is natural for the players to pull the bid/ask down so they can cover as low as possible. What is actually surprising which nobody is talking about is that even with this amount of downward pressure, the stock remains at the unchanged mark for the day and technical support remains intact which shows strength.
I see a few posters bashing Cheryl and the CEO, suggesting more dilution, typical scam talk about coverted pref shares, etc, etc; the same old faulty assumptions we have heard from the professional bashers for months. I see new posters here making an account and then only posting one post, mostly negative and suggestive. I see posters attacking other posters. As a moderator, I wish for all posters to get their extreme thoughts out to satisfy their need to project frustrations, etc, HOWEVER, this will not go on forever. I will gradually, over the days (not hours), begin being less lenient on the type of posts that are posted on the board and may begin deleting constant extreme bashing and personal attacks as well as scam/dilution talk (if it cannot be proven by links/info). Let us continue a healthy discussion, whether positive or negative, but at least make it fair and balanced, while other boards are deteriorating.
SS has not changed. Call the T/A.
Authorized: 2,000,000,000
Outstanding: 1,470,113,736
Restricted: 345,085,212
GLTA
$RFMK!
