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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Jimily who wrote (26336)12/11/1997 10:23:00 PM
From: David R  Read Replies (1) | Respond to of 55532
 
Jimily,

If we do not see strong support at $1, then .5 would be the next stop. There are a lot of people who bought RMIL in the 1.75-2.0 price range. I suspect those who made a large and foolish investment will lose nerve if RMIL dips far below $1. Once panic selling starts, this puppy is back to quarter land. My take is that if RMIL dips below .5 then the squeeze is, for all intents and purposes, dead.


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