IMO not only is this the only way to trade RFMK but also the smart way to trade RFMK; it's called protection and reduction of risk - also a little preservation. I did this exact same approach with RFMk back in Feb- Mar, and a little in April to not only save my A$$ from an initial RFMK but then pocket some nice coin. Have not traded RFMK in a while, but that is my strategy based on my triggers; doesn't mean it can't still work.
To bad others have not taken the same approach.
IMO I'd be very careful with that batch, probably trade down a bit until I had a position of free shares based on RFMK flipping gains if the approach is to continue flipping RFMK - IMO as RFMK Management puts out more and more desperate "First Look" PR's - there will be opportunity with additional but quick flip trades in RFMK
sadly for those who got into RFMk at the peak of the hype at the beginning of Feb when the DILUTION started by RFMK Management - RFMK is down almost 70%!!!!!!!!!!!!