All it looks like is a letup of selling pressure. There was a lot for sale in the 2.35 area that got cleaned up. Stock was oversold. Still down over 10% from year-end 3.15 price, which was low to start with. Let's hope it continues.
I used today's spike to punch out. I'm down heavy from an entry of 7 bucks. I just couldn't hang with RWC any more. I might be an example of the exhaustion of sellers and you guys are in for a great ride into the $5 range now. I wish you luck. I'm putting the debris of this 'learning experience' investment into a small cap in a different sector, SNHY. Anyone else know a company with better fundamentals I'm all ears as I research new names.
Hey NewMex, As I previously posted to Nomo I bailed on RWC @ 3.84[ @ a loss] for pretty much the same reasons. I like the co.,however,I got tired of the steady nibbling down on the sp. I will keep an eye on it. Check out CLN, presently on the Amex but thats changing along with other positive events in the mix. Also a small float. The co. has put shareholders, myself included through hell, but the co. has gotten it together big time. Do your homework. Best, Carl