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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)

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To: Pugs who wrote (19009)11/17/1997 1:53:00 PM
From: TLWatson59  Read Replies (3) of 55532
 
PUGS: If I had to make a guess the selling would most likely be coming from unaffliated buyers during the last run up from 2 1/4 to 3 3/4 who saw the activity, and perhaps read or heard about some of the comments on the thread about the imminent short squeeze or financing rumor. When that did not occur and the stock price began to drift off on sharply reduced volume those buyers may have decided to cut their losses short and either wait for some actual news or look elswhere.

While I personally do connect the two some traders may feel that with the recent recovery in the averages and the stock going counter to that move they may want to try and fish in a more well stocked pond.

Good luck to all.

TLW
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