Asleep at the Wheel

[rich pearl]

to my way of thinking, the 15-12g and its brethern has become a nearly indispensible tool for any trader wishing to stay alive in the pink and penny world. other than the occasional suspension for the egregious promotion, which is mostly flagged due to excessive money volume, the stocks most likely to incur the wrath of the SEC are those who are deliquent in their filing, and though you'd think the scam stocks would be more prevalent, that's not how the game is managed. fact is -- death by delinquency is not only more likely than anything else, its also a finality; there are no ashes from which the Phoenix arises. because there is no deniability built in to not filing, market makers will not re-represent a stock that has been suspended for such a failure. otoh, a scam stock is one that has probably been profitable for nearly all but those still holding when the shoe drops. and, just as importantly, there's a built in deniability in claiming third parties, etc, etc. a stock that goes grey in that case can come back. that said... the 15-12g(d) seems to be the panacea for all missing filings.

are you still in RJDG? on the daily chart below i see an oversold stock that looks to have found a bottom. there's some very strong support here from both the 100 and 200 day moving averages. and i take note, too, that the negative momentum -- ppo and macd -- has begun to wane, and the volume for the last four days has been below the 5 day average. i don't think this has a lot of consolidating left in it. if i find the loose cash, i may consider adding on to my second tranche. i already covered my core and bought the drop, but i mis-timed it and had my order in at the 50ma. who'd a thunk it would retrace all the way to the 200ma. oh, well!

i'm suspecting this will run shortly. lets just hope its not a short run.

best of trading to ya'

rich