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Royal Nickel Corp. RNKLF

Metals & Mining Industrial Metals & Minerals


GREY:RNKLF - Post by User

Royal Nickel Corp. > One Dollar
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Comment by StrongLongon Sep 25, 2018 12:55pm
181 Views
Post# 28685602

RE:One Dollar

RE:One Dollar
NobodyKnowsOne wrote: One dollar per share is not only psychological, but it is also the level at which many institutions can start buying. I agree with those that are saying that consolidation is normal after such a run up as we've had with RNX. Today's price action is all about establishing a new base from which to launch the next run up. If you don't believe that, and you name is Shorty Mc Short, by all means take a position. You will only add to the momentum when this stock takes off, again. And make no mistake: RNX will move up soon. We are just getting started here folks.

Cheers & Good Luck to All

can you elaborate? Why is $1.00 important marker for institutions? Just a common policy, or legislation, or??? Curious, thanks.
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