In relative terms today was a good bounce and for those that jumped into RFMK earlier today or add on to a position in RFMK...KUDOS......as they are now either in the green or are in position to less the impact of blood that has been draining out of a long position.
Step outside today and RFMK is still a tuff sell.
> Still down 64.5% since the dilution started back in February 2012 > Still only at .0033 when just last week RFMK was up close to .004.
Moral to todays RFMk PPS and IMO
If one opened a new position in RFMK in the .0021-.0024 area then its at a 50% gain, don't get greedy in this stinky-pinky playbox.
If one added on to a position in RFMk in the .0021-.0024 what a great opportunity to lower that RFMK risk (cost basis) point of the overall position.
This IMO is the only way to play a stock such as RFMK and get a proper balence on the risk/reward factor.
Yes I have very big doubts in the going forward potential of the RFMK PPS ability to deliver to the RFMK investors due to prior and current actions of RFMK Management; and thus I have stayed on the RFMK sidelines but also for those keeping an objective view on this whole RFMK story and situation - Best advise IMO - Don't let greed bit you in the A$$
Something IMO is brewing in the RFMK backroom - AGAIN
Question is what?
Past history and actions by RFMK Management (its all there just review the last few months) logically point to an action by RFMK that most likely will not be in the shareholders best interest going forward.