RMX 0.00% 0.1¢ red mountain mining limited

The late sell off looked over done to me caused by day traders...

  1. 10,449 Posts.
    lightbulb Created with Sketch. 2070
    The late sell off looked over done to me caused by day traders then a few spooked investors that decided to lock in profits.
    The sell side also now looks weakened as a result of the late sell off and I would not be surprised of a gap up at open to about 4.2 cents.
    I was thinking along the same lines as a few other posters and that is to much stock has been purchased above 4 cents by much larger buyers for the share price to continue to fall,IM sure the larger buyers are not going to let the share price just fall away hurting there investment when all they have to do is buy a little more stock to wipe out the short term traders.
    IM not convinced the price will fall or rise tomorrow,but it did look like the sell off late today was over done.
 
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