Totally bizarre discussion which this post summed it all up, and answered my question - is this "company oversold" , but solid and investable?
Nope, it's another example of profitless prosperity, an investment mirage - a child's view of RPM's chart shows its "flat lining".
A basic trading strategy would see a "stop loss" at 30c, then 20c, and for those brave soul still SH's, 10c .... now, "investors" are bottom feeders.
Good luck with that - this is NOT a tech stock, does NOT appear to have significant advantages in a fiercely contested market, hence doesn't have a moat, and has lots of debt .... so why be here ???
My sentiment (if it was an available choice) would be "AVOID".
Totally bizarre discussion which this post summed it all up, and...
Add RPM (ASX) to my watchlist
 (20min delay)
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Last
6.8¢ |
Change
0.002(3.03%) |
Mkt cap ! $16.66M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.9¢ | 6.8¢ | $33.70K | 491.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 144000 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 139840 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
0.002 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 6.8¢ | 6.9¢ | 6.8¢ | 64928 | ||
| Last updated 15.37pm 30/04/2024 ? | |||||
| RPM (ASX) Chart |