Saturday, June 04, 2005 11:11:38 AM
RNKE Chart And Thoughts.....
The year's low is .0003 (interday) and I'm firmly of the opinion that this is bottom. I'm looking for RNKE to close above the 50DMA and begin a run north. For a sub penny stock, especially one trading @ .0005 or thereabouts...the volumes we've been seeing are very light. Even 30 million isn't much when you consider the $$$ amount. I'm looking for volumes of 100 million and more.
The year's low is .0003 (interday) and I'm firmly of the opinion that this is bottom. I'm looking for RNKE to close above the 50DMA and begin a run north. For a sub penny stock, especially one trading @ .0005 or thereabouts...the volumes we've been seeing are very light. Even 30 million isn't much when you consider the $$$ amount. I'm looking for volumes of 100 million and more.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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.
