TSXV:RHT.H - Post by User
Comment by
dannyd9on Nov 14, 2017 3:41pm
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Post# 26962262
RE:this morning fall is conspiracy by shorts
RE:this morning fall is conspiracy by shortsSorry Mingzhu; that is not how shorts work. The stock cratered because of stop losses kicking in after it hit a high of 87 yesterday and pulled back. This morning was a classic profit taking situation after investors see that it couldn't hold yesterdays high. Shorts dominate a market when the latent buying power has ended. That is not the case here as witnessed by the volume today. Shorts know that just a positive white paper could accelerate the upside. If u remember phm.v it went from pennies to over 2 dollars are every promise imaginable. Now the stock is 29 cents or 60 million mkt cap with 140 million in revenue. RHT is almost 80 million mkt cap with hardly any revenue. Shorts will wait until the stock stops going up on good news. We are not at that point yet.