rexrex wrote: 1. Large institutional Short Sellers make a bet against a stock, lets use RNX as an example....
all the way from $0.80 cents upwards..
2. RNX releases several great news releases which gives positive momentum to the stock...
3. Large Shortsellers are not able to cover their multi million dollar positions..
4. To add insult to injury to the large short sellers, RNX last press release, there will be more positive news coming out in October..
5. Fearing that more retail buyers will get in to RNX, Large shortsellers double down on their positions and dump more stocks
6. The dumping eventually starts putting stress on the price (YESTERDAY) and reduces the price down...
7. Some Retail investors sell their positions,
8. Sensing that price is coming down, now more
Retail Shortsellers start taking a position on the stock...
9. All the while the
large shortsellers buy on the dips...
10. Once the large shortsellers start closing their positions, the price goes up slightly as the pressure is released...
11. Retail investors sensing a price turn around start buying... 12. Retail short sellers fearing a short squeeze start closing their positions... 13. The price rises as more buyers get in... 14. Eventually a
short squeeze happens....
15. RNX in between the above points can potentially release another news release which makes the price go ballastic upwards...
16. The price of stock recovers and starts trading on positive momentum....
the cycle continues.....making higher lows each cycle...
just my thoughts and opinions....but i am guessing this is what is happening here ...
All i have to do is remind myself that the GOLD is real, and we could be sitting on top of one of the largest GOLD DISCOVERY of our time...
again just my opinion...please do your own research...