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Re: None

Monday, 08/09/2010 4:00:01 PM

Monday, August 09, 2010 4:00:01 PM

Post# of 39760
As you have probably noticed the volume on this stock has been declining. Why? Because there are not that many shares available anymore. The accumulation has been going on for close to two weeks now. As the following chart shows, somebodys attempts to bring this down since the last spike are proving to be not successful. With a steady RSI, and MACD and TRIX moving toward their crossing points, soon this thing will be back in play on the chart alone.
http://stockcharts.com/h-sc/ui?s=RNWF&p=D&yr=0&mn=3&dy=0&id=p08370052969
Should any news hit, your shares are going to be in high demand because the fact remains that there are not many left to go around and I know many of the buyers and they are not selling cheap. Look at todays trades. 5k sell. 10k sell. JOKE! As soon as weak players drop the ask below 11, those shares get snapped up in a heartbeat. Whack the bid and you will be left out in the cold.