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".
Ann: Trading Halt, page-58
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Last
6.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.89M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.4¢ | 6.2¢ | $68.03K | 1.068M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 524125 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.5¢ | 68220 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
6.4¢ |
Change
0.000 ( 1.59 %) |
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| Open | High | Low | Volume | ||
| 6.4¢ | 6.4¢ | 6.3¢ | 433760 | ||
| Last updated 12.52pm 14/06/2024 ? | |||||
| RPM (ASX) Chart |