was hoping for 2.30 before the quarterly. looks like we will get that. 2.40 I think is a reasonable target in the absence of a significant short covering rally. If shorts have to cover as some have suggested could get to 2.60 and beyond. But let’s face it shorts are prob mostly Macquarie or someone like that who may be able to manipulate or get their way out of it somehow for example off market. Best guess is will be lots of churn between here and 2.40 with people taking their 10 to 20 percent pips. If we get to 2.40 I will be back in black and will be a chance to exit before the quarterly and reevaluate after.
RRL Price at posting:
$2.21 Sentiment: Hold Disclosure: Held
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