Rennova Health Inc (RNVA)

[FatStrat]

And I guess the odds were against a 9th RS after an incredulous 8, right?

Yet there was one.

The pattern dictates the odds down here in the sewers.

The pattern here is dowwwwwwwnnnnnn and RS.

One can always jump in if the pattern changes. I have, and made money on the last bounce. Got stuck for about a month or so but eventually made my double.

I’m out now and watching to see if the pattern changes.

But buy this and just wait? Thinking it will one day all of a sudden blow up and you won’t be able to get in? Not a wise use of capital, IMO. I was stuck for a month and can’t imagine being stuck for years yet repeating the same mantra. “One day? Soon? Is today the day? Is the anchor up?”

To tie up capital in this pattern is wasting capital! Money sits and does nothing while inflation erodes it’s value.

There will be PLENTY of time to watch that bloated ask dissipate before jumping in, if it ever does dissipate.

The pattern says it’s just a matter of time before Scamus pulls another RS in order to get his company out of “sub-cent” range, to use his words.