...We Welcome You To The Resverlogix HUB withIn The AGORACOM COMMUNITY!

Free
Message: All we do is wait for the next move up

I realized a while back, that as soon as I've come to the view that a stock can't drop any further...it does, and when I think it can't go any higher...BAM, up it goes.

Expressing an opinion on the next day, the next week...even the next month or two is frought with unknowns, and when someone is right there's always an element of luck involved, unless its someone with insider information.

Look how long RVX traded down in around the 75 cent mark, over a year. Volumes were typically very light, under 100K per day most of the time....and then we got spoiled. Volume picked up enormously, and the PPS climbed with it earlier this year.

Now we're back to trading less than 100K again most days...and that doesn't help RVX get noticed. People do look at volume leaders for ideas, and RVX isn't going to be popping on anyone's radar unless we start seeing some days of at least several hundred thousand trading.

I'm sure I'm not alone in wishing I'd bought more under a buck.....but then who knows, if I and a few others added a sizeable number of shares down there, maybe there would have been more shorting to shake the tree and to test our resolve.

Its the waiting game now, looking forward to seeing what's happened with short selling up to the 15th. I'm almost expecting to see an increase, more tree shaking as part of the accumulation I speculate is going on.

Share
New Message
Please login to post a reply