daytrading feb 15 morning, page-120

RXL won't bounce. Maybe a pip or 2 but not much more than that. Classic pump and dump action. The only winners are the ones who bought in before today and sold today. I might be wrong but my call is Sub 8 today and then slowly drifts back to 6.5 until the assays are out. RXL is very similar to DRK. When an announcement comes out, it shoots through the gate and then drifts back to pre announcement levels.

I'll be looking to trade this in the 7s for a few pips, and will be buying and holding if it hits 6.5 again