RED 2.44% 42.0¢ red 5 limited

The DOW at record levels and the A$POG at record levels, while...

  1. 2,318 Posts.
    lightbulb Created with Sketch. 1283
    The DOW at record levels and the A$POG at record levels, while the US$POG has retreated, and is expected to pull back further next week by "experts".
    BUT the GDX and the GDXJ are still technically in a downtrend.
    A 10% retrace of the A$POG would still keep the uptrend intact, and the further consolidation of RED robust fundamentals ???
    With a record quarterly profit in prospect, RED's SP remains relatively robust and somewhat disconnected from SLR ... hmmm.
    A number of brokers have RED as BUY, but SLR as a HOLD, on the grounds of SLR low mine life etc, which begs the question, what happens to SLR's SP if GMD (or another entity) trumps SLR reverse takeover ??
    Record levels of IOUSA debt, combined with low levels of savings and continuing inflation, mean the interest rate reductions will be slow and modest. What this means for the economy and the market remains to be seen - perhaps the day of reckoning will be Jan'25 when the new POTUS is sworn in - this is David Stockman's theory - he expects a market collapse of historic proportions ... lets hope NewRED is well established by then.
    Meanwhile, I remain a nervous HOLDer.
    https://hotcopper.com.au/data/attachments/6053/6053363-9929dfbbc275fe698cf406283e35a0a1.jpg
    https://hotcopper.com.au/data/attachments/6053/6053430-b70a2c860ab8136781a21a4ae185ae52.jpg
    https://hotcopper.com.au/data/attachments/6053/6053435-5bc1b0713a8359c34607e12cac18edc7.jpg
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
42.0¢
Change
0.010(2.44%)
Mkt cap ! $2.857B
Open High Low Value Volume
42.5¢ 43.0¢ 40.5¢ $55.01M 131.2M

Buyers (Bids)

No. Vol. Price($)
3 136340 41.5¢
 

Sellers (Offers)

Price($) Vol. No.
42.0¢ 2109264 10
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.