Rentech(RTK) - gas-to-liquids and cleaner fuel Message Board

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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel

RTK 0.200

+5.3%

Oct 13 5:00 PM EST

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To: Frederick Langford who wrote (10685)	10/9/1998 2:12:00 PM
From: ChrisJP	Read Replies (1) of 14347

Hi Frederick, don't be too hasty with your conclusions. With 2M shares traded with each trade appearing to be about 2000 shares, that adds up to about 1000 people buying and selling RNTK today. That's not such a big number to imagine. I don't think we necessarily have to conclude there is a floorless conspiracy doing the selling. Look at a chart. About 1M shares were bought in the last hour yesterday. Another 1/2 million bought during the first hour today. Assume that just about everyone who bought in the last hour yesterday sold this morning (1M shares). Now assume that 1M shares bought over the last 2 weeks were sold. There you have it -- today's volume. This doesn't mean that the floorless aren't lurking out there, but there's no need to blame them for today's trading. Let's face it -- without details, no one wants to pay more that $1.50 for RNTK. I can't blame them. Regards, Chris Still waiting for details

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