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


To: Frederick Langford who wrote (10685)10/9/1998 1:48:00 PM
From: Zeev Hed  Respond to of 14347
 
Fred, I know what you mean (VBG).

Zeev



To: Frederick Langford who wrote (10685)10/9/1998 1:50:00 PM
From: Manfred  Read Replies (2) | Respond to of 14347
 
RNTK is a steal due to general market sentiment. We went to 3 on rumors a few months ago. Now we are slightly above a buck after the deal. Enough said?

But I don't give a damn about today's stock price. I am buying the future. GTL and so RNTK is the future. I thank the market to let me buy more rntk at theses prices.

RNTK will be a big winner in the months and years to come. A BIG winner. Mark my words.

Manfred



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