$RNVA credit BIDSMAKER1 KNOW WHAT YOUR BUY
Post# of 895
KNOW WHAT YOUR BUYING and keep focused on the big picture. New highs, high volume and steady accumulation are the best strategy IMO.
New highs are coming.
Profit takers are recycling over and over. While it does slow PPS growth it does provide liquidity and volume and is actually healthy for the stock. Personally, I don't do any chasing but there are lots of investors with big money where taking profits every day then buying the resulting low makes them money. IMO with RNVA if you are long buy on dips and hold.
MMs have pretty much stayed with tactics designed to maximize yield from large spreads but continued slow steady accumulation and holding by longs continues putting upward pressure forcing MMs to follow.
So what's really important here? SIMPLE
1. No dilution reduces MMs ability to manipulate price action designed to buy cheap shares. This benefits longs and also flippers as they know price per share will continue climbing.
2. Almost no serious resistance levels until multi dollar range. This is extremely unusual and spells huge opportunity to make profit simply by holding. Obviously, just do some math here.
3.Price per share is hugely undervalued.
4.RNVA has mostly restructured debt and made hospital acquisitions which in turn allow their labs to significantly increase revenues by removing the middle man. This is very important from a revenue perspective and I am a surprised that so many are missing the significance of this.
5. Spin off means free shares, the more shares you own (accumulate) the more free shares you get. This is a no brainer and again, this is a huge catalyst. Especially at these prices.
6.The RNVA CEO has been very clear on his intentions and is fully aware that his stock is hugely undervalued. He clearly has stated his intentions to get back on NASDAQ. Another no brainer here. Know what you are buying.
The key thing here is BUY DIPS, ACCUMULATE SHARES, let market forces drive pricing. This is an extraordinarily rare situation on OTC. You have a former NASDAQ traded company with its CEO who knows exactly how to reorganize and structure for relisting. He has already taken those steps that will allow him to uplist back onto NASDAQ.
Thanks again to BIDSMAKER1