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Re: khmerican post# 10079

Thursday, 06/01/2017 10:16:14 PM

Thursday, June 01, 2017 10:16:14 PM

Post# of 25151
there's some easy math here. early last year the float for RJDG was 37M.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126683062

in the interim, in paying off debt they have converted 45M shares, none of which were restricted. ergo, 37M + 45M = 82M thereabouts. but, of course, now that the stock has retraced -- because its well known that good stocks never have pullbacks, after all, everyone holds ad infinitum -- the sky must be falling, all in accordance to mass dilution.

::sigh::

i have said and written this before and will reiterate just this once: stated floats are a nebulous that have little to do with how a stock trades. their greater service is in posing as a selling point. truth be said, we have all seen stocks with massive OS's and humongous floats trade thin, and stocks with a minimalist OS and float trade thick, so what does that say? to me -- mind you, i'm just an 'idjit' posting on a board that seems unable to come to terms with whats going on, so don't take my word for anything -- the trading here is fairly reflective of what is happening in the market elsewhere. not everything is a crass manipulation, and the volume here is neither enough to take out the points of resistance and send this on the next leg up, nor is it enough to induce a tank-fest. this appears to be an accumulators play, one thats testing the lower support bands. of course, as it is with every stock, there's always a greater risk in holding than there is in selling, especially if you have a profit. and right now the market as a whole is looking weak.

the way i see it, there is only one reason to buy -- its to make money. unfortunately, there are many, many reasons to sell. so, riddle me this: does this look like a stock entering a death throe?

good luck to ALL

rich

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