These comments at Seeking Alpha may be part of the reasons for RPC's recent move up:
RPC, MOCON Have Limited Downside March 29, 2012 by: Contrary Wise | includes: MOCO, RES The run up in stock prices over the past few months has reduced the number of stocks available at prices with limited downside risk. Two companies that currently fit this criterion are RPC Inc. (RES) and MOCON (MOCO). RPC inc. is a holding company for several oilfield services companies.
"Seeking Alpha" under the title " A cheap energy stock with a solid dividend yield " by Bret Jensen.
Bret praised all the RES virtues ,except that maybe a little mishap he forgot to mention that the stock was "spliting" so that when you went to buy what BRET was telling you to buy ,you would only buy 2/3 of the stock. lol ,again lol.
He also forgot to mention or maybe he wasnt aware of the P/B ratio of the stock ..well over 3.meaning excedenly expensive.
Thats ok BRET ,anyone can make an unwilling mistake,specially when deceiving others will benefit ME.
Isnt that call to PUMP a stock ?
"A pump and dump scam is the illegal act of an investor or group of investors promoting a stock they hold and selling once the stock price has risen following the surge in interest as a result of the endorsement.
I heard there are rumors of takeover speculation. I don't think you saw that kind of sudden upward movement because an analyst said there's downside. Look at the solid trendline to $11; it was well orchestrated in my opinion.
There is a full knock down on new investors for this POS. There is an internal CONSPIRATION against new investors,you see..if you buy NOW you will be buying just 2/3 of the stock you think you are buying...luckily i managed to dump this POS for about the same price i paid for it. And as for the price increase ,it is only because there are nervous shorts (a lot of them for this stock)moving around at the momment,once the short interest unwind this will turn into a " dead stock".Probably the owners (70% of shareholders insiders )will try to deceive new investors by trying another " SPLIT " while all the stadistical information about the stock will belong to a PRE-SPLIT STOCK.This vastards should be punish for trying to deceive the market with this price -manipulation.
How many times have they split 3 for 2 ..lol Ohh yeap they will get all the cake and leave only the crubs for the rest.lol.