PIZZA - HRNF not oversold at all
Plus, technicals do NOT apply to a company where almost all shares sold are dilutive shares issued by the company.
Technicals can be sometimes used to analyze trading of companies where the vast majority of all trades are retail/intitutional,etc. customers......HRNF has been dumping shares so fast it may make your head spin, despite the CEO's public PR's hinting at no additional dilution needed.
We know that even Scottrade is not allowing customers to buy HRNF shares.
Finally, a much bigger problem faces HRNF. The common share certificates they gave out are not being accepted, per first-hand accounts from shareholders that converted. I believe the major brokerages mentioned include TD Ameritrade, scottrade, and E-trade.
