Re: Quiet when our Northern Neighbors take the day off
posted on
Aug 06, 2018 12:05PM
I decided to add some today....nothing huge, just 500 shares at $2.52 USD, which translates to $3.28 CDN. The Pinks opened at $2.92....but it is my strong suspicion that OTC MMs don't have much in the way of inventory, (if any) or willing sellers....that's just opinion though of course, they're not going to advertise whether they're position short or if they have clients wanting to dump.
I do check the Regulation SHO Threshold list to see if RVXCF is on it for delivery failures, not all the time but semi-regularily, and I've never seen it.
We've already had two, what I'll call White Swan' events...the cancelation of the proposed share offering on June 8th, and last week's news about seeking a US listing with Rothschild & Co engaged to advise the company.
From a technical standpoint RVXCF (and RVX.TO) is leaning to overbought...but if we do get a 7th DSMB report or the SSRA, or some other positive news...Who knows what might happen.
When it comes to TA there's a rule I have that's very much akin to Murphy's law....
Just when I think a stock has dropped so far that it can't go any lower, that's when the bottom falls out a lot of the time. And conversely, just when I think a stock has climbed so high that it has to come down, a lot of the time it goes up even more.
I'm seeing a little over 20K trading right now on the Pinkies, hopefully we get up around at least the 3 month average of 50K.