RRL 3.08% $1.68 regis resources limited

Ann: June 2018 Quarterly Results Presentation, page-5

  1. 4,955 Posts.
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    I may be wrong... it has happened before...

    But hammering a share price on release of results when the buy stack is thin is a fairly classic move... particularly if there's a results conference happening right at that moment. All the factors align for an awesome response to the triggers:
    1) People haven't had a chance to digest the results, so they think somebody else has turned up a bad thing.
    2) People who aren't tuned into the conference think something terrible has just been revealed.
    3) The lines are thin so you can wipe out of a lot of them without having to risk a large short position.
    4) The outlook for Regis is extremely strong so you can cover your shorts and still take a large position at a low buy price.

    I hope I'm not wrong... I doubled my stake on the dip!
 
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$1.68
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4 19775 $1.67
 

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$1.68 15224 2
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