The daily short sale volume versus the total volum
Post# of 11899
The daily short sale volume versus the total volume for Thursday was rather low, suggesting accumulation, which is a very good sign for the RFMK stock. Over time this should lead to "churn" which should allow new bases to form in the stock. This kind of action typically places new investors at higher cost basis points in the stock, over time which supports the stock. I still think that crossing and holding above the 200 day moving average at .0029 on high volume would be a very bullish sign and is really the key to building any momentum in the stock. Relatively speaking I think 25M intraday volume is on the low side, 25M to 50M is fair and 50M+ would be high volume. I think eventually with enough interest in the stock the volume could get to 100M+ and that I think would signify penny land in all likelyhood.
20120823|RFMK|2765531|0|24239438|O
GLTA!
$RFMK!
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