Another very good day with signs of accumulation,
Post# of 11899
Another very good day with signs of accumulation, however the pps fell.
20120803|RFMK|165000|0|9435892|O
The daily shorts recently have been rather low suggesting accumulation. The peanut gallery is ranting that there are more "sells" than "buys" but for quite a long time now they have been defining a "sell" as a trade which occurs at the bid, whereas allegedly a "buy" is a trade which occurs at the ask. However, this is all just more speculative nonsense, every trade is a "buy" for one participant and a "sell" for another, especially for a stock restricted to trade for trade designation, like RFMK. Artificially defining "buys" versus "sells" for a series of trades based on what price the trades fired at means absolutely nothing and simply shows how misinformed such rants are. The pps moves up and down constantly, if a seller comes in and absolutely needs to (for whatever reason) dump some shares they will just dump on the bid and they will define it as a "sell", however some patient buyer bought those shares and was perfectly happy to just bid sit and wait for an impatient seller to panic and execute the trade lower than the current ask. Very simple.
The key to watch is the daily short sale volume versus the total volume. Lately the short volume has been extremely low whereas a while ago it was rather large so it suggests that more normal trading is going on now, actual real shares trading hands. For whomever is selling at such low levels, it is their loss because with the share price so low but the possibilities for so many great things that are happening for RFMK, the risk is to the upside; downside risk is rather limited at these levels, while the risk to the upside is rather large, which means the stock could sky rocket at any time, just my opinions. I continue to accumulate, and yes, I received many shares today in the triple zero price range which I think is just an incredible opportunity. Even if the stock were to move back up to the 200 day moving average, those blocks will already have made a 300%+ gain. LOL
GLTA!
$RFMK!