I have been in this stock for nearly 2 years now since just before they announced the original waterberg deal. I thought I had a good feeling about this stock and everytime I get it, it changes tack on me!
I have been trying to learn about charting and my initial thoughts on this were that how could charts help us in this circumstance as the fundamentals have such an impact - but I thought it was worth the question.
Yes - it has been a long day for most of us but strangely I was quite prepared for this (still none the less disappointed however!) after yesterdays ann. I still have no temptation to sell but unfortunately due to an imposing tax bill I am struggling to stump up the 15k required to double my holdings and reduce my average buy in by around 25%. Still where theres a will theres a way (I hope)
Get some sleep scrag and look out tomorrow - I think the force is telling me we may have a similar day to today while the lemmings jump!
RES Price at posting:
48.1¢ Sentiment: Buy Disclosure: Held