I am not going to react much to volatile swings in share price in the days before the dividend announcement unless there is some very bad news that is coming out. With no news and the divi announcement coming, I expect wild swings when class action suits are in the news as well. My cost basis is similar to yours. My first purchase was 8/24/2009. So I've been here for six years as well.
It was half of normal when I posted so save your wild-eyed shots at me. Don't get your knickers in a twist. I have held RSO for four years now. Sold some along the way, bought some as well. I have a lot riding on it. The current price movement is relatively unimportant until the dividend announcement. It simply reflects uncertainty and short action.
Where did I say it doesn't matter if the share price goes to .05? I didn't say that at all. Unbelievable that you would write that in response to my post. What counts for RSO is dividend performance. That is what will move the share price significantly one way or the other. Right now that is now clear and the share price's volatility reflects that.
I should add that volume is low and we are seeing a lot of 100 share lots being traded. There's some market manipulation going on and that's to be expected as we approach the dividend announcement. Probably a lot of short activity. All of this price movement is unimportant for longs. What counts is the dividend announcement.
I agree with you jridley. The idea that RSO would make some statement about drops in share price is simply not the norm. You make announcements when you have something to say, but commenting on the stock price when there is nothing substantial to say is just not going to happen. Blaming RSO's management for not issuing statements when its share price is dropping when there is nothing to explain it is crazy talk.
I suspect that the three law firms investigating or planning to file class action law suits is having some chilling effect on the stock price. RSO is not going to respond to those law firms with public announcements.