0.20c sounds about right but the problem is CR's are a complete momentum destroyer...
And all the current momentum with RXL is down....so that will just accelerate with the announcement...
And that's not the worst of it...
Most stocks can fall 20% below the CR price...
Before resuming any sort of upward movement..
CHN CR $1.05 fell to mid 0.80's
DEV CR 0.34c falling to low 0.20's
to name a couple
PS both these had surges after the announcement but it was the last Hooray....
RXL has a gap that will act as a magnetic with any raise at 0.20c hard to see it stop at the top of it more than likely it will get filled however that would be a good buying opportunity at 0.15c - IMO DYOR
RXL Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
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