Replies to post #34503 on Rimrock Gold Corp (RMRK)

[abazaba375]

.0012 you mean I loaded .0005 today watch n see

[brewerfanx]

Testing the 4s means there would have to be volume on RMRK. Which lately, for the most part, there hasn't been.

Even yesterday most of the volume occurred in 30-ish minute stretch which wreaked of someone trying to start a panic sale. Problem for them being, there was no volume so they ended up selling a lot of 5s for no reason.

Now, strangely enough, there are a lot more shares on the ask at 6.

[Deviant Trader]

It is possible we see .0004’s but if we do I believe it will bounce back to .0005s again pretty quickly. On August 22 just over 1B shares traded between .0002 - .0006, the majority of those share were bought above .0004. From August 23rd to present date about 10.16B shares have been traded and virtually ALL of those shares were bought above .0005. I could go deeper into the numbers but I don’t think I need to at this time, the point is over the past 3 months over 10B shares have turned and virtually all of them have been bought at .0005 and above. I am sure there are some .0001-.0004 left out there and they are likely what we are seeing sell into the BID but I believe those are running low. We are pretty close to the floor here, that being said we are approaching tax season and we typically see traders clearing out their portfolios for a write off deductions are capped to that will likely limit those. Then again, this is just my impression based on a quick overview of the trades since August 22.

$RMRK

EDIT:

PS. This is a GREAT time to average down if you bought in higher and don't need a write off.