>>> All
ready to jump in and willing to give up the first 10-20% of the ride
for the comfort factor of the "real thing".<<<
eric,
Thank you!
This is certainly a "rule" followed by many all across the market. That's why they are called "watch lists."
Whereas in most cases a watch list can help to buy on early rumor(deals, earnings, etc.) and sell at the top of the rumor- and not on the news itself- the unbearably long rumor history with RNTK changes this.
Also, the relatively huge potential of the upside to profit ratio and the TX name have generated the type of lasting, hopeful enthusiasm that could not endure for so long in larger stocks without results.
Buy on rumor and sell at the top of rumor, or news itself, is routine for most traders who live by timing. The goal is cash, a large portion of which, if not all or most, goes right back in for other plays already lined up.
In contrast to this, I'll bet that many of us here, if not most, have already spent our hypothetical gains in areas outside the market....material goods, education, new cars, etc....Imagination and emotion can drive a thread like this and an enthusiasm for a stock like RNTK for a long time.
As for any hypothetical gains I might receive from my own RNTK investment, I am donating it all to the Charles T. Russell Foundation For Scam Detection, a notable, but under-funded, non profit organization.
Best to all,
Charliss |
