Triple 000 and Sub-penny Chart Plays

[ctrumabll]

Good Morning Trader53:

I can see how you are reading the chart to interpret RXPC as a pincher. Under most circumstances, that would make sense.

However, what about the continuing dilution in that stock? Can you really see a pincher play as long as toxic convertibles are constantly being exercised at below-market prices? That means lots of people with an interest to put large positions at the ask and take their quick profits.