RMG 0.00% 0.7¢ rmg limited

rmg holloman focusing on the dots, page-55

  1. 1,516 Posts.
    TBS, RMG has not even remotely left the dock yet. For one reason or another we all know that at some stage RMG will go up because of the Fundamentals and potential. We don't need charts to tell us that.

    A chart does not take into consideration changes in circumstances. Lets say the RMG chart looks incredible tonight and it looks like it's going to break out on monday and crack 18c. What if Holloman pulled out on Monday, or Sub Prime hit again or the price of U plunged, or RMG announced delays or to raise capital at 2c. Or maybe just one of the top 20 shareholders decides to bail because of the AGM time frame.

    Buying pressure, resistance and volume is the best way to predict price movement but only that day, it can also help in showing you a change in trends which i guess may indicate a potential bullish trading session the following day (if the market is solid).

    How you can say he got it right with RMG is beyond me. Remember he had his stop loss set at 2.7c and seeing as it dropped under 2c during sub prime we can only assume he's out, so are you going to get out as well?
 
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