take lessons and find another chanceFirst of all claims, I ever hold some rz shares, over 300K, average price was 0.08, fortunately i was out all between 0.08~0.09. the day before yesterday when it dropped to 0.065 with volume I knew the results could not be good so i kept warning people the sp would drop a lot, maybe somebody called me a basher, but the reality is uncharitable, I feel sad for those who should have sold at 0.04 even higher, according to my experience, a company with less cash, with no property, when a bad news released, all dream would be broken, the sp goes to low nobody can image, an example is ldm.v since a bad news on May.29,2013, sp dropped from 0.05 to 0.01, no any significant rebounce during the drop. but losing money may not be a good thing, most important we should take a lessons from this loss.
Here is my homework on the run and drop of rz.
this run from 0.015 to 0.12 based on drilling beside a big neighbour, on Nov.8 and Nov.11 last, it was the begin of the run, on that two days, respectively, Nov.8 volume was 4.3millions at average price 0.024, Nov. 11 volume was 4.7millions at average price 0.038, those were the first investors who entered rz. From Nov.15 to Dec.2, sp closed in green everyday, this could be considered as accumulation period, total volume was 7.2millions at average price 0.034, after that, sp went to an up trend based on investor's big dream and some pumper's crazy hype. Now the sp is at 0.025, much less than the average at which the first investors entered, somebody may think it is oversold, but consider it carefully that those who have bought in low still dump their shares below their cost, what does that mean ?
Buying penny stock is buying hope, honestly to say, rz is not a good stock to invest but it just was the hope it gaved that making it run from 0.015 to 0.12, if somebody enter at 0.035 they can easily sell at 0.09 or higher. so looking for stocks that can bring hope is next chance to take back the money you lost on rz, i don't want to pump cod, although it can give you hope based on its positive pea that will be annouced soon, another one you can check is exu.v, check this company you will find it is very similar to the situation that rz traded at 0.015 level, it is applying for a drilling permit and planning drill 11~13 holes, isn't it a big hope especially the sp of exu is only at 0.01. of cause there are many penny stock that may give you big hope but you should do your own dd. All the above is my personal opinion.