I just loaded up at 46/46.5 and am now very long on RES.
I was hoping it would come back to low 40's but it's been trading around this level for a while now so I figured I'd just get in before the herds from Macquarie etc jump in.
With broker reports coming out from INDEPENDENT brokers, this is a very good sign IMO.
I didnt used to pay much attention to Shaws' reports (whilst they were nice to read there is a vested interest there) but now with other brokers and research houses getting on board, this is very encouraging IMO.
IWULA expected Dec 2011 NEMA expected Jan 2012 Transnet & Eskom agreements sometime between these hopefully. So it's just a matter of sit an wait.
Whats a couple of months between mates... :)
Fingers crossed.
Cheers
RES Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held