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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 (7635)8/19/1998 2:26:00 PM
From: Charles T. Russell  Read Replies (1) | Respond to of 14347
 
I'm a firm believer that this stock will rise. I really don't believe it will run as fast and as far as most of you though.

The problems lie in the fact that it isn't running now on the perpetual rumors of a deal. I suppose everyone is rather jaded by now, with overhyping by several individuals on this thread as well as the rather spurious news leaks constantly being released on Yahoo.

Whether or not it's time... the stock should be moving and in an accumulation stage now. All we've seen is the quick buys followed by quicker sells as the day-traders and market makers continue to pick on over anxious shareholders.

A quick one day bump in this stock of 10-25% will inevitably be met by the traders backing out, very satisfied by their 1 day return. That leaves the long term RNTK holders out in the cold.

The moral of this story may be to watch the volume and day trade it in the 1.00 1.5 range. Cuz it may never break out.