Just some people taking profit.... no shame in that
just some people taking some profit. no shame in that. when the stock hit the low today 420,000 shares had been sold in about 45 minutes. Since then, with the gentle climb back up (so far), about 700,000 share hare been traded. this is a sign of strength. There are probably 5-6 large holders, traders who are cashing in to more to other pastures (hopefully greener). I am in this stock for the long term. I bought TNH in 2003 and held for the better part of a decade before deciding a few months ago to switch to RNF because of the greater potential upside. It will be a long slow climb with lots of ups and downs
some may fear rising NG prices....$3.53/NG is the break even point vs. pet coke;however I doubt
NG prices will rise much higher with new pipeline const. coming online....this should be a good qtr. for RNF....holding!!