A sharp re-rate is necessary to correct last week’s irrational decline. What we are seeing is simply a correction to essentially reverse what happened last week. Once this hits 8c we can resume the rally to account for the rapid progress being made by the company.
Exciting stuff though, I only wish grabbed more at 3c!! Such irrational behaviour doesn’t happen every day but it can make for excellent buying opportunities that’s for sure. Big opportunity ahead of this company though, sitting in the motherlode IMO with multiple high value resources
RIM Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
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