Positive news brings a quick pps rise which triggers trading program alerts which calls the pump and dump traders to the ticker symbol. They begin buying and pumping on the message boards, the rapidly rising pps brings more buyers. The traders pick a price, bail out and short the stock. The first rapid drop you see is these guys. The second drop and the subsequent derogatory remarks about the stock on the boards are the followers, you can hear them calling their shots "going to .10" or "this is going down to .03/.04". When the stock consolidates they do it again. When the fun is over they move on. RXMD is a long term hold, this company's leaders have market ambition and wherewithal, they are in early expansion mode. I have been there myself, growing company, leadership on fire and stretching their wings to see how high they can go. It's a penny stock, volatile as hell and still an OTC. The value here is in the working model and expansion plan, the public listing vehicle is a tool for financing the growth. As far as a reverse stock split is concerned, context is king. It's an expanding business, consolidating stock shares can be helpful. Uplisting to a bigger board allows institutional investors to get involved. Why? So the company can sell shares to finance growth. Selling ownership has advantages over borrowing money.
Flippers are riding the waves AND the tide is coming in.
I'm long.
AI
