Almost certainly the SP will keep falling without news because the buyers and sellers don't understand the underlying value of the stock.
RHT will only give news when there is something to give - that is, a change or addition to what we already know - which is that it will soon be profitable, perhaps even the 6 months to 30 June 2014 or, if not them, in the following 6 months. Dividends will start to flow within another year or two.
It amazes me that people will sell out at such low levels in the face of real actual revenue (I guess the day traders are not accustomed to that) which has been increasing for so long, and not even take into account that the company is about to double that revenue. Sure, there will be an announcement with some news on the Hepafat roll-out soon but whether it is days or weeks, I don't know. What I do know is that it will happen and emerge in the quarterlies AFTER the event.
My only conclusion for the sell-off is that the day traders have to ensure they maintain their 90% failure rate!!
RHT Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
