Cheers for the excellent explanation. So what's basically been said is that everytime Range makes a drawdown, for a week or two the SP will be supressed by short selling, but after it's complete, the SP should rise as it's no longer been held back by the shorter.
Anyone looking for top-up opportunities over the next few months (not me, I'm happily all-in at 3.5p and have no funds to increase my stake) would therefore possibly do well to buy when drawdowns are taking place as the SP is supressed.
We had all that bad Libya news too so if the stock has been shorted, in bad market conditions, and has still closed out the week at almost the same level (15.5 compared to 16.25 the week before), I agree, we should be going higher shortly. March will be a big month,
RRS Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
