Huge volumes are a relative term, this depends on what you compare against. RCE is has a very small share registry with only 173 million shares.. I see the manipulation taking place almost daily using bots to do micro trades under $500. These BOT trades are designed to wear down the retail opposition by recycling volume in a certain manner at certain times to achieve an outcome of accumulation. They come and go depending on sentiment and weed out the weak.
I focus my attentions on the longer term, daily swings are not something I worry too much about, fundamentally RCE is a monster in the making. BUT, you have to have conviction, commitment to a longer time horizon and balls to watch your account go RED because you have a substantial holding that does not allow for you to buy in and sell out in a day or two. There is too much news that could change the game at any moment of the day as we have seen recently. You're either in or out.
Now for those with smaller holdings, you have the luxury of trading a parcel frequently, BUT beware the announcements. RED
RCE Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
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