Morning all, not a day trader myself, however thought I would give a heads up here for RED this morning.
Massive dive is SP over the past two days for no apparent fundamental reason. Possibly big holder exiting, or speculation of CR.
Company insight release today indicating all is well. No plans for CR, free cash flow commencing end of this month with 6 million in the bank.
Would expect a move upwards today based on release.
As I said, not a day trader so don't know if this would appeal here.
Cheers,
JB
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