Stocks can stay overbought for lengthy periods of time as I saw msb stay overbought from 3.55 to 8.00 Hmmm??? Short them at your own risk*. Lots of people thought gold would of corrected by now and this shorting idea stems from this idea But we dont see it happening. Gold will push thru $1900 over this next 4-6 week time cycle and i see the reward is to the upside.So RSG will continue to suprise.As per recent ann's 20% increase in rev's and 20% reduction in operating costs for 2012 Plus rising POG as the variable X factor Put that together and you get the reason why overseas investors are plying into RSG Take a look at the daily vol's That isnt just all from out local crew here in Oz This is serious money from overseas
*DYOR
RSG Price at posting:
$1.78 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)