A question I've had for a long time is what is the best strategy...

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havana19

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16/10/18

12:23

Post #: 36138619
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Originally posted by TerribleTadpole ↑

Originally posted by discerningstarter
The USA should be better than this. Every step of the way with RAP has been awkward, clumsy and inefficient. Frustrating to say the least!
It's the way with micro-cap technology startups. Everything is twice has hard, takes twice as long, and is half as good as you think it will be.

My expectation at present is:
1) Trading halt for US results any day now... hopefully before the end of next week.
2) Positive results will produce a share price spike to somewhere over 30c, maybe as much as 35c.
3) Share price will settle again after as we begin the wait for the next step.

For those of you who are waiting for positive news from the US before buying, I would suggest you be conservative if you are buying at over 30c and consider your investment horizon; you may be sitting in negative territory for a time before the next step up.

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A question I've had for a long time is what is the best strategy to buy when company has positive results? Using rap as an example if they get positive results if you wanted say 50000 shares would you quickly put an order in before market opens with a limit price of 30cents, or wait for the opening frenzy then buy on the first dip, or wait for things to really settle down say 3 or 4 days later???

Last time my buy order didn't fill, maybe instos were able to jump the queue, maybe sell orders were pulled, but I kept chasing the rising sp and got it filled at the high of the day whoopee, turned out to be the 52 week high as well. Balls.

RAP Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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