Yeah, good behaviour in the chart, if you ask me. Pretty template.
It blasts off and on that day, it gaps up, moves parabolicly on 15 mill volume. Tops out & the expected retrace begins. Sells back a bit, but not on even near volume to that upmove had. Not even close to all the shares that traded when going up, by a long stretch. Not even close.
So obviously, most people who stepped in as it ran that first day are still in.
And given the hourly candles, its obvious that there are not a lot of upside down players suffering right now. Most people bought in, maybe took some off the table, but are holding the rest.
And the fact is that you can draw a line under this retrace. Its a line that rises. Its called "higher lows". I mean, sure it pulled back, but the pullback points are progressively higher each time. Higher lows mean that each pullback is failing to reach as low as the prior ones did before it reverses and runs out of steam.
It has pulled back less and less. To say its a disaster is not accurate because the lows are rising lows. And the volumes are not the volumes you expect to see when every rat is jumping ship at once.
So, its not as devestatingly dangerous as the recent posters would have the rest of us conclude. People bought in but they are not generally upside down. And far fiewer people are running away than ran in. If it were a stadium, the volume shows that a lot of folks rushed in and took a seat, but not nearly as many ran back out of the stadium.
And as regards the reverse merger and the shares that sloppy filings imply.... I have a suggestion: lets wait to describe the situation until the filing gets done. If there are crooks at work, it will be plain to see and we can all run for the hills.
But lookit..... RAPT has real business. Three plants this quarter alone.
What is amazing to me in this case is that, when you look at most stinky pinkies, there is a lot less there there with them as is the case with RAPT, if you get my point.
I mean, I'm in so I stand to lose money if I'm wrong, and I'm not telling anyone to do like me. I'm telling people what I think, thats all. People should do what they think and make up their own minds, But since I'm in this one based on what I've read so far, I'm gonna get creamed if this is a scma and I'll regret having let the things I've described above trick me into shelling out my money to criminals.
On the other hand, maybe an attempt to scare people is being engaged in. I'm not scared, so I'm not selling, but if people think its smart, go ahead. I personally think it more intelligent to wait for the filing and then to make up my mind. If I lose money doing it that way, then so be it.
So, here is my plan. Feel free to diss it, ignore it, modify it, or agree. I just feel I need to say what I think at this point because I've been a poster about it up till now. May as well be consistent and post clearly under a variety of circumstances.
As regards selling, I intend to wait for the filing before I decide this is a scam (or not). Then I'll read it. And I'll think about it. If that is a stupid plan, then, well.... Won't be the first time I made a mistake and lost money. :o)
Basically, if I sold now and the filing is fine, then I'd feel the fool for letting myself get spooked. I rely on a model that looks at volume to tell me whether its a good trade or not and my basic theory is laid out clearly above. I am fully aware that this may not always work, but I've traded for years and this is the way I've learned to look at things.
Based on volume in the chart thusfar, my opinion is that there are a heck of a lot more people who bought in and have not yeilded up their shares than have taken profits thusfar. That tells me that the people involved in the first knowledge of this puppy still think its more profitable to be in it than to bail on it. They didn't get spooked. They have not bailed. So I'm not bailing. I'm going to wait for the filing.
Everyone needs to decide for themselves, though. I have an opinion. Everyone needs to have their own opinion. By all means, teach me if I'm wrong because I really hate losing money LOL. Thats why I post: so I can learn. I figure that, if I tell people what I think, maybe somebody will grace me with information that instructs me as to where I'm incorrect.
L8r
Imperial Whazoo
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