Mate , I bought a bio tech /dairy play which more than trebled in just two days last week , full retail crowd was running behind it by last friday like mad , today it corrects 27 percent, the HC board is empty almost , lol
Retail crowd just runs mindlessly behind every fast rising scrip, so we don't have to worry about lack of retail interest or 20 - 30 percent corrections which are all meant to shake the tree , lol.
What we have to see is following for RFN like any other co ?
is the business model of the co sound & sharply focused on a niche / specialisation ? - YES
is the mgmt good & ethical ? - YES
is the expansion strategy right ? - YES
is the mgmt careful with salary & admin expenses ? - DOUBLE YES , LOL
is the possibility of dilutive CRs less ? - VERY MUCH YES
rest are all daily noise, ignorable IMHO
believe me , RFN will be a scrip in great retail demand in next few months at the outside. Just based on charts , nothing else.
RFN Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
