Good afternoon all. Hope you guys had a great weekend!
Thanks Highlandlad! Always great to read your updates.
Well been a slow day for me today.
Was holding OBJ @1.4c from Friday, and RHM from 18.5c from Thursday.
OBJ - I sold out of OBJ at 2.1c today, for a tidy profit! I have put in a bid to buy again at 1.7c, almost got hit when it went to 1.8c earlier, but still sitting on it. Looks like 2.1c/2.2c is quite a resistance level, if it can break through 2.3c perhaps I might pick up some shares as well.
RHM - Still holding on to RHM, as I think once the initial negative sentiment due to the issue of securities at 15c passes, this could move up again. I think share issues at lower prices than market always cause a little negative sentiment, because holders who bought in at higher prices get jealous that others are getting in cheaper. Because of this they decide to seel their shares, even though from a fundamental perspective the issue of shares might be a good thing for the company. So it is my expectation that RHM will continue to rise, perhaps tomorrow or Wednesday, and so I am holding. I have a stop loss of 17.5c for this share.
Other shares that I am watching currently and thinking of buying are:
