Most who bought at 6 have likely sold by now (wisely). I was mainly referring to the last couple of years which has been a hard time for holders. The track record of RED gives posters every right to attack the board. It in not necessarily 'in the guise' of anything.
Incidentally I regard your position a good investment but not a wise hold.
1. You had a 5 or 6 bagger.
2. RED hit trouble for a couple of years where the true incompetence of management was revealed (and associated financial impacts).
3. You now have a 3 bagger - but that's not the point, read below.
So, what if RED sp continued to fall to lower levels at any time in the last 2 years? You'd have less than a 3 bagger. If you repeat this strategy and hold a badly performing company from a great initial entry you will lose big time.
Contrast that with:
1. Selling based on 5 bagging per se.
2. Selling based on RED's poor metrics of Darlot and Siana at anytime in the last two years (a major signal).
3. Rotating some of that 5 bagger into a quality company with nice divvies and good CG prospects.
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Last
28.5¢ |
Change
-0.005(1.72%) |
Mkt cap ! $1.938B |
Open | High | Low | Value | Volume |
28.5¢ | 29.5¢ | 28.0¢ | $8.190M | 28.59M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 880868 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 551056 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 880868 | 0.285 |
37 | 1646181 | 0.280 |
23 | 1360040 | 0.275 |
21 | 875673 | 0.270 |
12 | 761326 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 551056 | 17 |
0.295 | 1118056 | 19 |
0.300 | 1281652 | 14 |
0.305 | 653291 | 9 |
0.310 | 360324 | 8 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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