Its's really hard to understand (even with a volatile market at present) how this company can manage to suffer a 20% drop in the past month, especially after a number of very positive announcements.....mind boggles. Maybe it is the jittery market not helping the situation but remembering that the All Ords was 7668 points on the 20th of January when Recce closed $1.34 and at the close of trading yesterday the ASX was sitting at 7502 (only down 166 points from a month ago) and Recce finished at $1.09, that's why I believe its more to do with the freely manipulated market!? It just doesn't add up.
I realize that most clever holders are here for the longer term and price is not so much the issue, but I can not lie and say that the price of the stock doesn't bother me when I see a sizeable drop such as this and especially when a company like Recce is doing no wrong.
Manipulation of the market alone will not hold back Recce the company from advancing forward to higher grounds in the coming announcements. Hard not to be buying around these levels with the risk/reward at hand. So for the first time since the IPO I will be acquiring another parcel next week and forgoing part of my total free carry position!
RCE Price at posting:
$1.09 Sentiment: Buy Disclosure: Held
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