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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: Starduster who wrote (7575)	8/18/1998 6:05:00 PM
From: Micropicker	Read Replies (1) \| Respond to of 14347

A pattern develops? It's pretty clear that a pattern is developing with RNTK. During run ups, the smart MMs are selling. This is starting to limit the size and duration of the run ups. Once the stock dips back again the MMs are accumulating. Whether they accumulate enough in the dips no longer matters, they can just borrow or short RNTK as the price peaks, and just buy it back later once the price dips. Smart daytraders see this pattern as well. They are watching and know that RNTK is good for a 1/4 point or so on a run up. Whenever we dip back down, they they accumulate enough and then trigger the next run up. Again, this only works for a while, and then starts to limit the size and duration of the run ups. People are going to stop buying at $1.50, because RNTK can't hold that price without substantive news. Yet if they didn't sell so fast, then RNTK could hit $2 and actually bring in new buyers and they could make even more money! What is frustrating to the longs, like me, is that we could be making money on RNTK too, if we traded this way. However, I've tied up my money in RNTK for so long, that I would literally kick the bucket if I sold into one of these false alarm run ups, and it turned out to be the real thing. So I will hold my RNTK until the deal is announced, and hope to see the daytraders, who have shaved a 1/4 here and there, pay $3 for the shares that they sold into the last run up for $1.50. Justice will be done.