Rimrock Gold Corp (RMRK)

[thestreetlawyer]

Im skeptical because of todays trading. We definitely petered out later in the day. However, I see us bobbing back up to at least 6x7 and heres why:

The last few weeks of trading we were either 4x5 or 5x6. Hardly ANY 4s sold the whole week while 6s were selling more than 5s, a 1.2m bid @ 5 would hold for days. The problem was bid support @5 which was very weak. we now have bid support, news, and eyes on RMRK on B.o.B. I feel most of the late day dumping was just day traders who missed the opportunity to flip 5s or 6s into 7s and just dumped into the bid at 6 when they could.

Now that they are out, and we have bid support, we should be back to a minimal selling situation and can chip away at the 6s. As was happening the last 5-7 trading days.

We were very stable at .0005, no .0004s selling for weeks. News has been digested and taken into pps. I dont see a further downtrend from here it just makes no sense.