Casanova , sp goes up and down is normal course. If you look at charts you can see that it is OVERBOUGHT. Also the fact is big guys exercise options = 3c + free new opies, they need to pump up and sell for >double profit and keep free new opies. They have deep pocket and can control sp so that they can sell to someone jump in at high price. That is the fact. Imagine after they sold most of their 3c/sh, they will stop blocking on buy side (no more buying/pumping) then what will happen to sp. I don’t want to be stuck,that is why I was out. As my previous posts, RRS may have a good chance for future, but remember it is LONG WAY before any drilling. It may take another year or more to clear pirate troubles. The pirate problems and political in Somali/Puntland CAN NOT be solved overnight. So my post is not down/up ramping, but too tell the true. I did warn market when I was out >$1. If ppl trust me and sold their shrs >$1. They can buy back at 3/4c and now they make double profit.
Look at group of BB…., CNP and so on. It is scary. In the past, I was out and warned market when WMT (IDG)>20c, FMS>20c,RAU>20c, SLA>40c, CNX>70c and so on. If you carefully look at selling @ 3c (few weeks ago) to fund for exercise unlisted options = 1.5 + 1.5 = 3c + free listed optns and NOW try to sell back at 7c is understandable. That is why rich guy makes money on expenses of poor guy. That is why I was out of this game to keep my profit. I DID tell market when I was in @ 2.7/2.8/3/3.5c. If ppl got in <3/5c, they also can make good profit. So my post is not down/up ramping but again to tell the TRUE.
I maybe wrong. Please DYOR, look at charts, take good care for your trade. GOOD LUCK.
RRS Price at posting:
6.2¢ Sentiment: None Disclosure: Not Held