I cant help but smile when I read the SMH comment on Range re Day Traders
ATM my guess is there are very very few DT in Range but a larger number of investors with some sizable holdings who are in the story for a lengthy ride. The DT's would have been driven to exhaustion by previous trading action "of no action" that occurred for a considerable period prior to the TH.
In fact the TH came at the perfect time, as the SP action had caused many punters to abandon their positions.
Certainly if the news is very good we should see some selling if we get a nice early rise in SP. However my guess is also these will get swooped up just as quickly.
Guess we shall now see just how good the new Range management is over the next few weeks. My guess is they are very good!!
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
