CPI figures in the afternoon sent a shockwave across stocks, as much as we've all hypothesised to reasons for the sudden drop, its most likely the CPI figures that sent a lot of other stocks just randomly into reverse when they were trading very strongly up.
Markets or people are weird like that, has no real bearing on stocks like RDN as the value is still there and to come regardless of CPI figures but people are sheep and react stupidly.
Just gives more time for anyone to buy again in this accumulation channel between 3c and 3.3c.
China rumoured to be readying a trillion, yes trillion dollar stimulus. So just as markets react stupidly to irrelevant negative things it's going to act stupidly to this too but at least we'll all benefit in a positive way from it.
RDN Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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