RDF 0.00% 95.8¢ redflex holdings limited

chart looks a bit worrisome...., page-4

  1. 5,796 Posts.
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    Hi Madmacs :)

    Yes, as a chartie I always have stops in place. However, RDF is one of my longer-term, non-trading 'investments' (can't quite bring myself to call it a buy-and-hold... ;)) My stops are deliberately set very loosely on this one, and as I said before, I'm still well in the money on it. I started accumulating RDF in Dec 2003 for $1.04. My stop is at $2.18, the last support line of significance from September last year.

    If it gets that low, then I'm out and will be looking to get back in once it turns back up at a lower price.

    It's just a test of character and nerve - don't know if I'm passing the test though... :)

 
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