InvestorsHub Logo
Followers 13
Posts 1242
Boards Moderated 0
Alias Born 06/18/2010

Re: avg joe post# 134

Monday, 08/09/2010 12:38:34 PM

Monday, August 09, 2010 12:38:34 PM

Post# of 3746
AVg Joe, As Brad mentioned, putting sell orders in at a higher pps prevents MM's from being able to borrow your shares. This in turn tightens up the float by making less shares available for trade. In theory this will cause buying pressure and upward movement on the pps.

As for can this hit .20?. Yes it has that potential. RMDT trade at .51 just back in february on news about its electric car production. I was informed that there will be an update to this sometime in the near future as according to the pr in february productuon is suppose to start in Q4 2010. With any positive news on production of the electric cars and a small float, this definitely has the potential to hit .20 or higher as evidenced in the past.

I cant say for sure where this stock wil go, but to answer your question as to is .20 obtainable, just based on past history yes it has the potential to hit that .20 pps.

Only time will tell excactly where we go, but so far we are looking good. Support levels have been built at .01, .0145, .017 and apparently this morning .02 over the last 7 or 8 trading days.

As always these are just my opinions and i wish all of us here a bright future with RMDT
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.