RCR rincon resources limited

General Discussion, page-620

  1. 5,965 Posts.
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    Well, are we back?
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    A very strong day today, and on much higher volume. A rise of nearly 20%. So a very positive play today. From a weekly perspective, surprisingly we are ahead, last week at 7.6, today 7.9.
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    So what's happening? Very difficult to say. Last 3 days, it was playing with weakness. Even doing lower highs and lower lows, to give indication of weakness. But today boom, not only wiped the weakness, but finished the weak in positive. Is there some positive news on the horizon? Or had we fallen so low that we became attractive, for some? I don't know at this stage, but I feel we will know more next week, even early next week, so let's see.
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    Personally, as I have been writing for many weeks now, first my play from 4.5 to 12.5 after CR, but I bought last week at average 7.6. I had written last week that I had only bought one third. I had also written that I will not be surprised if it goes lower, one of the reasons I was staggering my buy. It played accordingly. I picked up a fair few at average 6.6 this week. But as I write in all my threads, I always trade a portion of my stocks, most to bring average down, as well as because I like trading. I have to admit I sold some today at average 8.2. I didn't buy them back as I wanted to see what happens on Monday. Was today some getting excited, or something is brewing? As I write, I am playing here for short term trade, so I will be happy to buy higher if its looking like going higher. My average last week was 7.6, but after buying the mid 6s and selling, my average is now 6.5, trading sometime helps me, I was lucky here. I am looking to buy on Monday, possibly, I am not sure higher or lower. I am hoping it's higher, for all holders over here. Many don't like it when I say I trade, or have sold, but believe me none of what I did would have made any difference, so please don't bash m if you don't like it.
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    So what may happen next week? Don't know. Today's trading came as a surprise, honestly, after seeing what happened last 3 days. But it's exciting. It has had a big fall from 16.5 to 6.4, very big in fact, so good to see today's trade. And let's hope 6.4 was the bottom of the phase. I didn't pick any at 6.4, as I had bought big on 6.6 and 6.5, I was waiting at 6.2, but came close. So will be happy to lock in 6.4. Let's hope it plays out that way. Enjoy your weekend and all the best.
 
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(20min delay)
Last
1.3¢
Change
0.000(0.00%)
Mkt cap ! $3.803M
Open High Low Value Volume
1.3¢ 1.3¢ 1.3¢ $260 20K

Buyers (Bids)

No. Vol. Price($)
4 1156055 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 1446666 2
View Market Depth
Last trade - 10.06am 20/06/2025 (20 minute delay) ?
RCR (ASX) Chart
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