RRS range resources limited

nothing we didn't already know

  1. 490 Posts.
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    But, keeping the faith in stocks such as RANGE, is so important...the first 'GOOD' PIECE OF NEWS re-discovery update could send the s/p in the other direction...and nearly always catches pi's on the hop. Many times,I hear pi's say "should have hung on" or "got my timing all wrong, now it'll cost me double to get back in"....
    a few words from 'Great_Room on - iii
    We have dropped over the last month or so due to the greater financial depression that is going on and people are getting out of risky stocks. This is a cyclical event and it will recover, the question is when. Traders will be more concerned than investors as our money is as safe as can be and extremely likely to increase dramatically.

    IMO the last few RNS postings we have had have been nothing more than gestures, nothing we didn't already know. Today's RNS gave nothing new, we all knew about the SOCA takeover, it was never in question. A few PIs became excited and bought in of any old RNS, hence the small rise and then we pegged back to flatness. Puntland RNS was piggybacking off Africa Oil's RNS. Georgia mobilisation was expected. None of these were ever going to set the market alight. I don't even think Georgia spud will have much of an impact as this isn't in question. This slow drip of small news is pretty meaningless and what we are really waiting for is Texas flow results and more drilling, Georgia results and Puntland spud will really lift us. Oh, and then Puntland flow rates when they eventually come is when this will really take off towards the ?1 mark IMHO. But until then, we have to remain steadfast and calm in our belief in Range and all their terrific assets!
 
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