After I buy a penny stock, I am sure to sell soon enough.How many of you have gone on holding since $1.18, $1, 90 cents, 80 cents, 70 cents, 60 cents, 50 cents, and now 40 cents? "It has finally bottomed" you insist on repeating over and over again. And it goes on crashing lower. There comes a time when you have to set aside any delusion of a stock's grandeur and realize that it is no more than just a lousy penny stock that managed what very few stocks see happen only once in a lifetime with its incredible 17x rocket. It could not sustain in the least its highs and with the further dilution announced several weeks ago, it can't possibly carry on sustaining these prices if no new news is manifest. If management were truly confident about potential gold reserves why not wait to discover them and offer private placements in RNX above $1. They could have convinced banks to loan them the money necessary to arrive at a discovery rather than dilute the share count further. But truth be told, they must not have anything of essence to convince anyone about more gold reserves. So management does what it can to solidify its hold on their business and personal needs; i.e cost of exploration, salaries, bonuses. If you have not come to realize this about penny stocks, it is that you are either beginners in penny stock trading, deluded, or simply conniving pumpers fully aware of the above stated fact. For those of you that are new, compare penny stock price actions, that is all of their spikes and then complete shedding of gains, to large caps. Would AMZN rocket from $1000 to $2000 and then shed all its gains back down to $1000? Not likely. They also don't spike ten fold in mere weeks. Their spikes are gradual over a long period of time. AMD rocketed from $1.65 to $32 and shed back down to $16 and has now rebounded to $30. Why? Because their business is fundamentally sound enough to be able to susatin debacles and rebound when markets improve. Large caps? To hold long term. Penny stocks? Only ever good to day trade. If you got stuck buying the highs, your swift reaction should always be to sell at a loss, move on, come back to it when it has crashed lower and buy and sell to recoup losses. Never chase penny stocks, never get hooked on them longer than you need to be, and never give pumpers a reason for being.