GREY:RNKLF - Post by User
Post by
JeremyBauherkon Apr 02, 2019 12:01pm
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Post# 29570387
If I said it once, I said it a thousand times.
If I said it once, I said it a thousand times.Nothing good ever comes of a penny stock that stagnates for weeks in the same price range. Investors don't care for a penny stock that is lethargic. Penny stocks are expected to be volatile. If investors want stability they go to large caps. RNX shedding only 3 cents to .47 after being stuck at .50-.53 for weeks is unremarkable. Penny stocks that crash 10, 15, 20 cents, catch investors' attention. That is when investors get excited and gobble up shares. Months ago RNX crashed to .44 and what followed soon after was a great spike to .79. Now at .47, investors are being led to think that the pps has bottomed and that it is ready to rebound again. I don't believe it is ready to do so. Not with negligible volume and especially not with last week's unwelcome news. The rebound will come about only after a new recent low below the .44 set months ago. Maybe .40. Maybe .35. In either case, the risk will be warranted because there are many more like me whose inner workings are activated when alerted to a debacle. If more investors realized that that is an established pattern with penny stocks, they would outplay MM maneuvers and help lead RNX to its debacle. And the quicker it gets there, the greater the rebound.