OTCPK:RKNLF - Post by User
Comment by
kevinNashon Sep 28, 2016 6:07pm
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Post# 25288148
RE:RE:RE:RE:RE:RE:RE:More than a month under the 200dma
RE:RE:RE:RE:RE:RE:RE:More than a month under the 200dmaUp until they announced a potential buyout, shorts had bashed this into the ground. After the announcement shorts covering and speculative traders drove the price up to the 200dma, now for about a month volume has been slowly dropping off a cliff. Longs are holding and most shorts are not risking the possibility of an announcement. The games I refer to is this land of the dead this stock is siiting in now with incredibly low volume. It's a stand off, and it's become all about the buyout. Low volume = high volatiltiy. Aggressive short sells even by a small number of shorts is causing this to jump all around basically because everybody has taken their stance so to speak. Not sure who blew a hole in what, but maybe I could have been more concise. That's why I said they should just halt trading until they decide what the F they want to do.