I agree that the Australian rollout and the acquisition was a flop. Management acknowledges the pharmacy sales weren't what they wanted. Listening to Marjan talk and his positivity which hasn't changed the market view (price) of RSH for most, is somewhat confusing. The market is more significant than management, and if the market doesn't like it, the price falls, regardless of what management says. RSH has been a very unusual share for me to hold as I'm all about making a profit and NOT giving back to the market. Watching my technicals show sells and going against that has been challenging. What people need to understand is what type of investors are they. I changed my view regarding RSH, changing from a swing trade to a position trade which increases my time horizon to a few yrs letting RSH do what it's going to do. That's the Buffet approach, something I usually don't do. I would say 90% of shareholders are holding losses. I will continue my support of the company, and as you say, can the superstars handle the UK and USA rollout? It's the question everyone is thinking. My view is Yes, they can.
The problem with the RSH threads so many experts post that are NOT experts. Price goes down; they claim how right then continue posting more BS about RSH without knowing the product or markets. This has been a huge HC issue, and the reason many top-quality posters with in-depth knowledge don't post anymore. Anyone can pick the price going down or up. These things happen. Look at SMN , which went to .03 before it gained any momentum. So you won't get me coming on HC trashing management etc. These are very early days for RSH; your patience is and will be tested. But if you have the correct position sizing model, there should be nothing to worry about, whether it's successful or not.
I'm watching these price levels and am a buyer. I can post my buy contracts, so you all know I'm doing what I say I'm doing. If I'm wrong, that's life. It won't change my life one bit. I won't be ranting on HC about how hard done by I am. Unlike the clowns posting negative BS who have no skin in the game. They should have their keyboards disabled, equal to their personalities.
chart, page-1767
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Last
2.9¢ |
Change
0.002(7.41%) |
Mkt cap ! $37.25M |
Open | High | Low | Value | Volume |
2.7¢ | 2.9¢ | 2.7¢ | $5.276K | 192.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 147741 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 0.027 |
6 | 292305 | 0.026 |
3 | 799992 | 0.025 |
1 | 250000 | 0.024 |
2 | 68161 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 147741 | 2 |
0.030 | 626201 | 2 |
0.033 | 18333 | 1 |
0.034 | 400000 | 1 |
0.035 | 214456 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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RSH (ASX) Chart |