Rowsley had a good run on Monday and a bad sell down yesterday. Today the stock was worse with more sellers looking to cut loss and lock in profits. The news was definitely out and normally sell on news the next day is the right strategy to go for news driven counters.
Rowsley as I blogged continue to dip and drop further with more sellers and I don't think it's going to reach the 0.198 high 5 months ago so soon. The warrants needs to be released first and the stock needs to reduce it's high volume trading activities first before there is a chance it can have a sustain rally.
Ronald K - Market Psychologist - A Stock Market Opportunist
