RRS 0.00% 0.1¢ range resources limited

I understand the leverage stuff with the oppies.May have to...

  1. 162 Posts.
    I understand the leverage stuff with the oppies.

    May have to factor-in a bit of history here too.

    Due to the fete of the 2007 oppies and the likely fete of the 2008 (extended 2007 oppies) many leverage lovers who also love the rrs story are a bit reluctant to go for the 2010 oppies.

    Not a bad week so far.

    I thought we would be at 12 cents now.

    I was wrong. Apparently some people still want to buy this stock.

    Volume pretty low today, but at least if people want to jump ship they can get 17 or 17.5 instead of sub 15.

    I can understand people holding, if they are sitting on a paper loss and don't want to convert to an actual loss, but why would anyone want to buy during the project suspension stage? Do they think it's going to open at $1.20 after an announcement re aoi upping tools again?
 
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