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RINO International Corporation Message Board

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  • android_stocks android_stocks Feb 10, 2010 5:00 PM Flag

    no volume at all

    OK, I will try to respond.

    Even at current price level, stock has still climbed 10x from its bottom. 10X. That's huge!

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    • I concur with all that Cajo had to say.

      My feeling is that after you reduce the shares held by company insiders and the big boys (especially the big boys that bought in at 30/75/sh for a $100 million) ... you are left with a relatively small float that is 30% shorted.

      In other words, the available float is being controlled the the retail day traders.... which is yuck. We need institutions to buy in to this company. Given the volitality of the stock price... it would take some brave institutions to get in at this point.

      But I'm very comfortable holding this stock for the long term. That's why it's my number one stock holding.

 
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