Reliant Financial Service Corp. (RFNS)

[jack-n-box]

Tex, I get disouraged as well watching it fall. I expect testing of the lows with news on the horizon. the company made it clear that guidance will be in early August. Let's just hope it is good.

You can do all the research you want but at this point you have to wait for the news. The only positive bit I took from last PR release is the fact that they are closing loans. Other than that we have to wait and see.

Adjusting projections can mean higher or lower, but the fact that they are closing loans is positive. The news should help define wether it is a long term or short term stock.

The main thing is that the next PR is clear and not vague in the information provided.

I hate seeing the selling at this stage b/c it can translate into different things; could mean manipulation or a problem with the company.

IMO I am still positive and long and I think the stage is set for clarity in early August. GL