Ok Mr Crude. You are obviously new to the Markets and are fishing for information. Your sense of economics and market machinations are limited as you obviously are naive in the ways of bear markets. Sorry if you have lost your previous gains. I hope you aren't using borrowed funds. You see this is what happens when the Markets go belly up because of outside factors. I was speaking to a mate of mine today who is in charge of a couple of $100m dollars of property development for VPG market cap $3b, and he told me this little story. He was offered a loan of $1m by his broker to buy a new Fund IPO offered by a large International Institution. Pretty safe in a bull market. Good yield 8%+ plus cap appreciation. In a few months time sell and take the cream. He didn't take it up. The offer price was $2.50 per unit. Along comes the subprime wreck and the Units are now trading at $0.60. It was the typical big guys ploy of the past few years to borrow money cheap and reuse it for bigger returns. The Subprime losses mean the big boys want there money back. So people have to sell. A % of the market is leveraged via margin loans and other financial products like warrants etc. Now if you get a margin call because everybody is pulling out,and driving prices lower, where do you get your funds from. The stocks you hold. Penny shares cant be leveraged by these products due to their risk. ie they are generally bought with 100%cash. They also represent a small portion of most conservative peoples portfolios. So they sell them and take the tax loss. Not good for the little guys but that's what happens. The higher risk ones go first. And considering the carnarge, RRS lost no more % wise than the ASX over the same time period. It's known as the flow on effect. You see most margin calls are made when a portfolio drops by 10% if at max leverage. Remember all the products out there, not just shares. Now in respect to Range, if you aren't following it and cant see the business decisions being made at the appropriate time for the appropriate reasons then good luck to you. You obviously didn't get in at the price you wanted and are greedy. Again naive. Waiting for a few cents over $ gains is just plain dumb. Maybe this stocks machinations are too confusing for you. If this happens then it's probably best to avoid such situations. You really nead to learn to do your own research not just company announcements but local news geological structures and their significance to finding minerals PGM's Gems and petroleum derivatives. I am currently trying to learn forex trading and I am a total novice and am trying to learn from people who have more experience than me. Or should I tell them how to do it. I think for the interim you should remove the prefix to your nic until you have some cred in your articulation of negative sentiment over particular stocks. I believe the Dartboard won the Daily Telegraphs stock tips weekly report several times this year. So any bragging you may wish to profer will only imply to me your a dart thrower, (because you have clearly displayed your lack of research regards RRS),but so are monkeys. Learn from your mistakes and you may prosper. Cry about them and your a lazy, no fortitude, cry baby. Get up dust your self off and learn your lessons like a man. Over and out Little Crude
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held