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3.3¢ raya group limited

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bthotcop

7,922 Posts.

08/12/15

21:00

Post #: 16573022
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Originally posted by Mitzu007 ↑

Well these guys look like they will be into everything IoT. How to value the company is so hard. Is it currently ridiculously cheap or pricey? What will the next 12 months produce? They are moving rapidly and are sorting things so much quicker than other shell recreations. Certainly more efficient than gal, duo, srt and many others that have fluffed about at shareholder expense. (all in my opinion). Roadshow and ktm on board. If they pull off massive disruption and dissemination into all things IoT then the current MC will be laughable. What an interesting company, on the forefront of a new wave tech that will probably become part of everyday life for most people in developed countries around the world and change the way we live/interact.
Also... I reckon recent selling has been people who thought ryg will gain 50-100% everyday. Most people (unless a previous holder from past activities) would be in the red now and when looking at recent buy/sell volumes, it's dropped on low volume daily, compared to the sustained buying pressure. TA may not be the best right now, but FA just keeps improving. (especially with recent patents and their implications).
I'd rather hold something in this and forget about daily or weekly trading, as it could represent the most interesting and exciting stock of 2016. Everyone wants a cheap entry as well. Some who have had stock will certainly want to rebuy at a lower price than today and will post many times a day on a stock they do not hold to create doubt in the near term (and then pounce when small holders panic). The flip side can also be said for someone who may have overreached and need to promote by posting many times a day to see a return within a week or so.
For me, this is a very exciting story with what seems limitless potential in a world consumed by technology that craves convenience and connectivity. Daily machinations and the banter is certainly priceless and pip watching may be a long term mistake on this one. Don't get me wrong I've got my entry prices right in the past and have missed the exit signs. But this is an emerging company with what seems blue sky potential. Do you try to pick the rises and dips or hold for long term reward? Good luck to everyone in this, on the sidelines or waiting.
-sorry for long winded post, had a couple of beverages and was reading the many threads on here tonight (had a chuckle at some of the exchanges). But sometimes I have a habit of rambling.

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well done Mitz,

It would take me 2 days to type that sort of post.

RYG Price at posting: 4.1¢ Sentiment: None Disclosure: Held
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