RS Legacy Corp. (fka RSHCQ)

[bar1080]

This cancellation will catch plenty of "players" for several reasons: 1) there was zero last minute notice; 2) It happened in the middle of the day; 3) RSHCQ was still at 2 1/2 cents.

Many players think that a stock has to fall smoothly into the sub-pennies before cancellation. Actually they can vaporize at any point. EK was 4 cents on its final trades.

Like I've said for 18 months, pros dump when troubled firms drop below a buck, and certainly when they're booted from an exchange.

As for a dead cat bounce, that probably would be reversed if it had happened. These are sucker bets.