Agreed.
I first looked in on RNT when they were trading at 55c. The thread was full of posters ramping this stock with some pretty wild predictions of SP zooming to 60c , then $1 and beyond. I posted about it then, that there was far tooo much BS on the thread and therefore the SP was likely to tank just in the way that it has.
All the rampers went on the attack, and things got quite heated. I was moderated and then suspended, just like a few others , but in the end the predictions were proven right when you look at the current SP, and now those same rampers have thinned out some what and are not posting 5 to 10 messages per day, like they were during the pump. If only RNT had the same traffic on their actual site???? The mind boggles.
Unfortunately I happen to agree with "GLOSSY" and can see the SP fall back a fair bit further before there "Might" be any sort of reversal. 18c does not seem unreasonable to me and 13c seems "possible" IMO.
Time will tell here though, but the only thing that I can see here that has changed is the ramping level has followed the SP. Seriously have a look. Besides one odvious poster, most rampers are gone.
The suggestion of giving away cars, for whatever reason, only highlights to me that this is now a very big risk, as that is only out of desperation, and I for one am very happy that I did not jump on the "BS Chartists" rampage.
Cheers
RNT Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
