GREY:SRSIF - Post by User
Post by
Canonballon May 22, 2009 10:11pm
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Post# 16010912
One more try - SH is messing up
One more try - SH is messing upI hope this post actually comes up and not blank like my last two - sorry about that - I don't know what happen?
beerbelly5...I' ll agree with you... predictable chart patterns when it comes to thinly traded penny stocks - has it's reliability issues - and for disclosure - I sold my 10,000 shares today because the handle part of the pattern could be weakening - I hope not - but it's possible - and the over all market has a big impact - and time of year possibly as well.
I didn't sell because I didn't like RSC I still do - I just saw a better opportunity in EPCOR EP.UN and need the extra money to buy another 4000 today - early on @ 12.11 and it popped up to 12.85 at one point near the end of the day - on a head and shoulders bottom reversal pattern (very bullish pattern if it gets hitting on all cylinders) and EPCOR- EP pays .63 cent per share dividend, or 20.9% distribution too.
As for RSC ...and Guy Hebert ( check Canadian Insiders.com ) has been buying (in the open market) even very recently (April 18th) and has a history of buying - at a lot of different price points- so he is definitely committed...that's a positive.
Who knows - I may get back in - we may still see a huge pop early next week - you never know and I'll be kicking myself for selling.
Good board - good comments
Cheers