Hi all,
I have to say I am very pleased with the trading of RTL in the last week or so since the markets began to freefall all over the globe.
Yes, RTL has dropped around the 10% mark but that is no where near most other stocks on the ASX and what is more impressive to me is the low volume that has taken place during the same period.
While other stocks are suffering through investors clearing out their portfolio, RTL has had very low volume - it seems to me that this is one that holders are not relinquising....one has to ask why? IMO, it can't be a negative!
I've been picking up more stock whilst averaging down over the last week and if by some chance it goes back to 3.9 tomorrow, I'd be laughing!
One thing that The Sparkler said about insto buying once DD is performed is very important to remember. Sure, this might come to nothing, its a speculative stock, but it also has a ton of potential to be seriously re-rated on positive news. I'm rather excited about the possibilities.
T-JAM
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