RED 5.17% 30.5¢ red 5 limited

chartist input please, page-16

  1. 1,714 Posts.
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    i detect a little nervous tone to some posters. I am disappointed that the re-rating, when going from 14 to 16c+
    some weeks ago has failed to touch higher to 19/20 and
    that was before recent ann.s !

    looking back on history during october we had ross stanley and david teoh showing they had been buying in - no doubt on some info from the roadshow. We had a surge in volume associated with the "false" re-rating which caused a very complex query from the ASX, which in hindsight may have been taken so long to construct because they had some market rumours / backroom knowledge that we weren't party to and to which they could allude to.

    even if the SP goes back to 14.5 to close the gap it is insane to think it woudl last long - this is substantially greater discount now, and u will get traders chasing every 0.5 step which at 3% is still a good no risk trade for those of that inclination.
 
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