RE:company needs to issue news DURING market hours!I havent spoken up here until now, but the company cant just hold news that is likely to have a material impact in the share performance and release it whenever they like. If they receive news that is likely to be a game changer they must release it when they get it.
With penny stocks with large share floats there is going to be volatility and as unsettling as it can be, consider this a chance to average down if you already purchased, and for those that havent, it may be a good entry point. If and when the resource continues to be proven up the price will rise significantly.
sandysouci wrote: ...assuming the next news will be big, and positive (highly likely)...
ie., they should HALT the stock during the middle of the trading day, issue the news, and re-start trading an hour later... that way, the shorts who are normally able to go in and out within the trading day will be screwed... the shares will gap up and they will be in an all out panic to buy back, and will get creamed
currently, since this stock is so liquid, they can move in and out of positions effortlessly, get out easily if the shares move against them (up), and most importantly, get out before the market closes so they are never caught holding a short overnight...
RNX's pattern of issuing news is far too predictable, always outside of market hours, and the shorts know exactly when to be completely out so they are never at risk
suggest it to the company?