Rotonics Manufacturing(RMI) Message Board

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Microcap & Penny Stocks : Rotonics Manufacturing(RMI)

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To: Arthur Tang who wrote (107)	10/19/2000 5:36:29 AM
From: Arthur Tang	Read Replies (1) of 112

Regardless of how strong the performance of RMI has been over the last few years, the specialist pulled back and made this stock a tax loss candidate. Yesterday 90,000 shares traded below $1. Delisting of a profitable company may follow. Doesn't make sense unless you understand that SEC put the market conditions as such based on their recommendation of automation in electronic trading. Clearing houses and market makers all move offers, creating a chaos in the prices. Specialists can no longer maintain an orderly market, they are no longer called on the telephone to maintain a market. Once the prices fall below $1, it becomes a penny stock until some one accumulates it and defends the offers. Either the management ask the specialist to do it or this stock can not be an investment any more. Wait for an entry point, and buy at the end of December, 2000, if it has not recovered. Strong buy recommendation is not issued, until then.

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