Dead Money??? What??No dead money Baystock! It is called "consolidation" and during a consolidation like this one, I don't want to be out when the big news will come out! Now, it is very easy for you to come up and show that you made 4 times more with another stock since January, you are driving looking in the rear mirror my friend! Now, show us how good you are and tell us what stock I should move my money in for the next tree months so I can make more money than holding RGZ!
Just for the fun of it, I checked the volume on RGZ since Oct 15th.
Oct 15th - Oct 31st 733900 shares
Nov 1st - Nov 30th 405900 shares
Dec 1st - Dec 31st 244100 shares
Jan 1st - Jan 31st 307700 shares
Feb 1st - Feb 28th 373300 shares
Mar 1st - Mar 31st 520100 shares
Volume went down to 244100 shares in Decembre but it increased for the last 3 months! My guess is that it will increase again in April! During 5 1/2 months, the stock traded between 2.20 - 2.50! The chart shows a powerfull wave 3 - 4 consolidation "Slim Jim"! The longer it will consolidate, the more powerfull will be the 5th wave! unless the news are bad and the stock goes back to 0,50$!
I prefer to stay... I want to see on which side of the Slim Jim we will exit...
