This is topic RKLC Bottom bouncer for sure in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.


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Posted by Jonus on :
 
Just snagged a bunch of RKLC this sucker is primed to bounce looks like manipulation before the big run.
 
Posted by J_U_ICE on :
 
Caught some too jonus
 
Posted by cactus33 on :
 
getting some here too, thanx
 
Posted by JJMoneyman on :
 
I'm in too.
 
Posted by bilgert on :
 
I've played RKLC numerous times from .20 to .01- no exageration. You have to be really careful with this one- each time when the indicators seem to imply a reversal, the MMs seem take it down a little more. I think it has to do, in large part, with the terrible finanicing that Stephan/Rockelle has with AJW- as well as its low float and o/s.

AJW is much, much worse than Cornell- they have a division known as AJW Offshore, which gives them the ability to short. Combine that with the death spiral financing agreement with Rockelle, and you have a problem. I've made money every time I've played this, but I've had to average down at least once on each re-entry.

If you watch the L2's on this puppy, they dance around a lot, which seems to confirm its low o/s float nature, and its proclivity towards being manipulated.

It's a shame because Stephan seems like a nice guy and he has a decent vision. Ah well. When you deal with the devil, you get burned...
 
Posted by kermit42 on :
 
Agreed bilgert. I haven't played this in a long time (my first buy was at .23, I watched it run to .30, I held and finally sold at .17), but I have been radaring it for almost the entirety of my trading career.

This can make sudden 100-200% jumps in PPS, but it is tough to find the bottom and the volume is usually low so it can be hard to get out with any significant position.

And it is a shame. This is a good company whose stock is being destroyed by their financier. Basically what happens is that AJW takes payment in shares that it sells into the market. The value of the shares is determined by the average closing value of some previous 20-day period. The payment is fixed, so the less the shares are worth, the more they get. During that 20-day period, they short the crap out of RKLC to get a really low share price so they get lots of shares. Then they cover their short to spark a run and drive up the price so they can sell their real shares into it.

That's where the opportnity is--during that gap between selling shorted shares and selling real shares. But it is a dangerous game and over time, the decline in price is relentless.

Some day AJW will be done and RKLC will be able to RS and trade normally, but who knows when that will be?
 
Posted by cactus33 on :
 
So you are telling us that its a penny pos.. ok thanx, still think it bounces from here..lol

[Roll Eyes]

[Cool]

quote:
Originally posted by bilgert:
I've played RKLC numerous times from .20 to .01- no exageration. You have to be really careful with this one- each time when the indicators seem to imply a reversal, the MMs seem take it down a little more. I think it has to do, in large part, with the terrible finanicing that Stephan/Rockelle has with AJW- as well as its low float and o/s.

AJW is much, much worse than Cornell- they have a division known as AJW Offshore, which gives them the ability to short. Combine that with the death spiral financing agreement with Rockelle, and you have a problem. I've made money every time I've played this, but I've had to average down at least once on each re-entry.

If you watch the L2's on this puppy, they dance around a lot, which seems to confirm its low o/s float nature, and its proclivity towards being manipulated.

It's a shame because Stephan seems like a nice guy and he has a decent vision. Ah well. When you deal with the devil, you get burned...


 
Posted by J_U_ICE on :
 
bashers [Razz] [Wall Bang]
 
Posted by Jonus on :
 
Nice volume low float means big bounce ah yeah uh hu dats right.


 -


Get that bounce lol
 
Posted by sunny on :
 
moving now
 
Posted by J_U_ICE on :
 
Weeeeeeeeeeeeeeeeeeeeee
 
Posted by farmerboy on :
 
Nice one... got in this morning ..0065
 
Posted by stocky1170 on :
 
I like where this stock sits....relatively low O/S and appears oversold. History shows it's ready for a big bounce IMO. Bought some * .0069
 
Posted by Jonus on :
 
Bids stacking at .008, sellers are gone, north bound from here oh yaaa
 
Posted by stocky1170 on :
 
Can't tell where resistance might be....can someone help me out.
 
Posted by HitMe101 on :
 
.007 = cooked for now.
 
Posted by Mr. CATIAEngineer on :
 
IMO It "appears" that this one has been worked over by AJW. Based on their earlier involvement and the recent appointment of a new President for some reason I think this one might fade down down down. Call it a hunch.

It would have been nice to be in at the beginning of this year though
 
Posted by cactus33 on :
 
they need to file
 
Posted by Mr. CATIAEngineer on :
 
quote:
Originally posted by cactus33:
they need to file

File what? The addition of Dr. Fei Du?

Or, are they late on some other filing?


edit : never mind...I see they are late on their 10k. Its probably worth buying a ticket to the show in anticipation of that 10k eh?
 
Posted by Mr. CATIAEngineer on :
 
I'll admit, the chart looks pretty tasty......
 
Posted by lostone on :
 
anyone still in?
 
Posted by Mr. CATIAEngineer on :
 
quote:
Originally posted by lostone:
anyone still in?

I see the "E" showed up today since they didnt file.
 
Posted by JJMoneyman on :
 
I sold during the run (a little soon of course) but I'm tempted again at this price. I might try 0022.
 
Posted by kermit42 on :
 
Down 50% today. It actually might be worth a lotto ticket.
 
Posted by Mr. CATIAEngineer on :
 
I suspect what comes next is a name change....if AJW is done playing with them.

The more I read about AJWs involvement with various companies the more I wonder how it continues to happen. It seems that if Ribotsky gets involved you can most certainly expect a Pump in the following 6 to 12 months and then a downward spiral...leading to delisting or a name change as a last ditch effort to save the shell.

I'll add this to my list of PIPE funded stocks im following....its all pretty interesting
 
Posted by cactus33 on :
 
I told you they needed to file, pos..when it got the E... L2 got screwy-whacky. gotta love it when company pulls this garbage..maybe they pull the E..who knows ?..welcome to the penny world. im guessing they file eventually.

quote:
Originally posted by Mr. CATIAEngineer:
I suspect what comes next is a name change....if AJW is done playing with them.

The more I read about AJWs involvement with various companies the more I wonder how it continues to happen. It seems that if Ribotsky gets involved you can most certainly expect a Pump in the following 6 to 12 months and then a downward spiral...leading to delisting or a name change as a last ditch effort to save the shell.

I'll add this to my list of PIPE funded stocks im following....its all pretty interesting


 
Posted by Mr. CATIAEngineer on :
 
quote:
Originally posted by cactus33:
I told you they needed to file, pos..when it got the E... L2 got screwy-whacky. gotta love it when company pulls this garbage..maybe they pull the E..who knows ?..welcome to the penny world. im guessing they file eventually.

quote:
Originally posted by Mr. CATIAEngineer:
I suspect what comes next is a name change....if AJW is done playing with them.

The more I read about AJWs involvement with various companies the more I wonder how it continues to happen. It seems that if Ribotsky gets involved you can most certainly expect a Pump in the following 6 to 12 months and then a downward spiral...leading to delisting or a name change as a last ditch effort to save the shell.

I'll add this to my list of PIPE funded stocks im following....its all pretty interesting


Dr Du better do better
 
Posted by cactus33 on :
 
Dr. DU done f'd up, lol reminds me of that steely dan song Dr. WU..can you hear me Dr WU..great song

quote:
Originally posted by Mr. CATIAEngineer:
quote:
Originally posted by cactus33:
I told you they needed to file, pos..when it got the E... L2 got screwy-whacky. gotta love it when company pulls this garbage..maybe they pull the E..who knows ?..welcome to the penny world. im guessing they file eventually.

quote:
Originally posted by Mr. CATIAEngineer:
I suspect what comes next is a name change....if AJW is done playing with them.

The more I read about AJWs involvement with various companies the more I wonder how it continues to happen. It seems that if Ribotsky gets involved you can most certainly expect a Pump in the following 6 to 12 months and then a downward spiral...leading to delisting or a name change as a last ditch effort to save the shell.

I'll add this to my list of PIPE funded stocks im following....its all pretty interesting


Dr Du better do better

 
Posted by Mr. CATIAEngineer on :
 
quote:
Originally posted by cactus33:
Dr. DU done f'd up, lol reminds me of that steely dan song Dr. WU..can you hear me Dr WU..great song

quote:
Originally posted by Mr. CATIAEngineer:
quote:
Originally posted by cactus33:
I told you they needed to file, pos..when it got the E... L2 got screwy-whacky. gotta love it when company pulls this garbage..maybe they pull the E..who knows ?..welcome to the penny world. im guessing they file eventually.

quote:
Originally posted by Mr. CATIAEngineer:
I suspect what comes next is a name change....if AJW is done playing with them.

The more I read about AJWs involvement with various companies the more I wonder how it continues to happen. It seems that if Ribotsky gets involved you can most certainly expect a Pump in the following 6 to 12 months and then a downward spiral...leading to delisting or a name change as a last ditch effort to save the shell.

I'll add this to my list of PIPE funded stocks im following....its all pretty interesting


Dr Du better do better

Maybe wu could do better than du if wu could do anything at all
 
Posted by IMAKEMONEY on :
 
quote:
Originally posted by cactus33:
Dr. DU done f'd up, lol reminds me of that steely dan song Dr. WU..can you hear me Dr WU..great song

quote:
Originally posted by Mr. CATIAEngineer:
quote:
Originally posted by cactus33:
I told you they needed to file, pos..when it got the E... L2 got screwy-whacky. gotta love it when company pulls this garbage..maybe they pull the E..who knows ?..welcome to the penny world. im guessing they file eventually.

quote:
Originally posted by Mr. CATIAEngineer:
I suspect what comes next is a name change....if AJW is done playing with them.

The more I read about AJWs involvement with various companies the more I wonder how it continues to happen. It seems that if Ribotsky gets involved you can most certainly expect a Pump in the following 6 to 12 months and then a downward spiral...leading to delisting or a name change as a last ditch effort to save the shell.

I'll add this to my list of PIPE funded stocks im following....its all pretty interesting


Dr Du better do better

LMAO C [Were Down]
 
Posted by Mr. CATIAEngineer on :
 
Im surprised that this hasnt bottomed out since the "E" was added. People seem to be holding what they have. Maybe it still has a soft heartbeat.
 
Posted by stocky1170 on :
 
POS!
 
Posted by Mr. CATIAEngineer on :
 
quote:
Originally posted by stocky1170:
POS!

Thats very informative....thank you [Good Luck]
 
Posted by Mr. CATIAEngineer on :
 
Well, I see the "E" is gone. I also see that it moves on very low volume. Im curious to see what Dr Du has to bring to the table...if anything.
 
Posted by cactus33 on :
 
it went pink
 
Posted by Mr. CATIAEngineer on :
 
Hmmm, I thought it was pink before.
 
Posted by cactus33 on :
 
quote:
Originally posted by Mr. CATIAEngineer:
Hmmm, I thought it was pink before.

no, they were fully reporting OTCBB until lately..
 
Posted by TopRob on :
 
Looks like the symbol changed to DCNM.PK (DnC Multimedia, Inc.), but that seems like a different company.
 
Posted by cactus33 on :
 
Grabbed some RKLC down here
 
Posted by JerZeyDeViL on :
 
Same here....could bounce nicely when they let it breathe
 
Posted by SoAngel on :
 
.0004/.0005 pre-market.
 
Posted by SoAngel on :
 
.0005/.0006
 
Posted by SoAngel on :
 
.0006s getting killed.
 
Posted by cactus33 on :
 
RKLC great day, easy double

quote:
Originally posted by cactus33:
Grabbed some RKLC down here


 


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