Thanks so much for your in depth reply roka. I'm still trying to get my head around it but I can get the gist of what your saying. Looks like there is more strength in the longs and they are just waiting for the right time to cause a short squeeze. As a layman it looks like gold is stabilizing right now so it will be interesting to see if it does have this horror week ahead as there's no guarantee monetary policy will be set to a hold or possible easing of interest rates which is bullish for gold. You have given me and dare say a lot on this forum a lot to think about.
As far as RMS is concerned it does have good support around these levels. 2 Trading day's ago it fought off the shorters to rise 3.5 cents when POG went up slightly only to give it all back the next day when the POG went down further. It will be interesting to see how it holds up if gold goes down further. I am still buying.
The stock is being shorted to the tune of 1.6% which isnt alot but is still 10.5 million shares which at some stage will be squeezed.
I hold a lot of this stock and have a good entry point. I intend to hold for the longer term (over a year) so I only pay half tax.
Happy easter to you as well
5riven
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The Shorts have RMS by the "Short & Curlies!", page-28
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Last
$2.14 |
Change
0.030(1.42%) |
Mkt cap ! $2.456B |
Open | High | Low | Value | Volume |
$2.14 | $2.16 | $2.11 | $9.988M | 4.672M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2719 | $2.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.15 | 321 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2719 | 2.140 |
6 | 63820 | 2.130 |
7 | 104331 | 2.120 |
7 | 54731 | 2.110 |
1 | 9650 | 2.100 |
Price($) | Vol. | No. |
---|---|---|
2.150 | 321 | 1 |
2.160 | 392754 | 17 |
2.170 | 97472 | 4 |
2.180 | 62067 | 4 |
2.190 | 36958 | 4 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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RMS (ASX) Chart |