RRS range resources limited

is this the beginning of a new uptrend, page-4

  1. 28,635 Posts.
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    SHREWD, i've held for a while now.

    The CTG concession at 12 months is of more importance to me than trying to pick the exact bottom, which everyone knows, is very difficult.

    So, while i hold the heads, for the upside tax concessions upside, the further downside risk is minimal, in comparison to upside.

    But for additional investment, I've I have been accumulating oppies.

    When this thing spuds, it's not going to be 50-60c, it'll be $5-6 IMO, and upside for xxx,xxxx BOPD.

    If the heads bounce to $5-6? theres not much difference on the bottom line in whether you hold heads or oppies(less than 20%) but if you can pick up twice as many oppies, it's all the better.

    SO if I were you, worrying about a 35c or a 30c entry, i'd just buy oppies at 20c!!!!!

    Just how I see it.

    Hope it helps

    cheers

 
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