Rimrock Gold Corp (RMRK)

[Deviant Trader]

We look to be pretty stable here and support is holding up nicely. Yesterdays action was a little misleading, 1/3 of the trades (if not more) were from MM's cross trading making it kook like the sell pressure was higher than it actually was. Some week hands folded but over all it looks like more people are looking to accumulate than to sell at these levels. I think there are enough shares avail for the MM's to walk us down further if they really wanted to, especially with this low volume but we are near the price level that retail would step in and trigger a buying frenzy. Everyone knows that when news drops $RMRK pops, so people will snag what they can as cheap as they can and that means in the trips. Everyone is talking about how they have fresh powder or will have shortly and they will buy on a nice dip, even those more skeptical stated they will be buyers in mid trips. I suspect if it goes that low again we will see a replay of what we experienced 2 weeks ago. I believe this is why we are holding here, it's the sweet spot where control can be maintained.