It was the last day of the UK tax year yesterday, so many stocks being sold off to take 'official' yearly profits and to balance against losses etc etc...
UK thus mainly had a day in the red on the whole. At one point in the morning, RRL was being trading at just over 19p, so to finish well above 20p was a great recovery and would suggest the drawdown shorting is over and that the rush to buy RRL for the 2011/12 ISAs is well and truly beginning... Many UK investors are going to be filling their ISAs entirely with RRL over the next few days I would suggest... Thus, we should see a healthy rise in the share price over the next week or so, even if there is no major news released...
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RRS Price at posting:
31.5¢ Sentiment: None Disclosure: Not Held
