RIN rinker group limited

re: smells like a buy looks like a sell

  1. 237 Posts.
    I reckon it looks like a buy too but the numbers and trade action seems to say otherwise to me. A bit range bound today after its usual morning ramp tome says there is still a way to go down. Look at the bid/ask ratio - there are a lot of sellers lining up to dump this stock -- more than 2:1. I like RIN because of its geographical position in the US and the demographic shift but for now it is too hard for me to watch my holdings get trashed day to day.
 
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Currently unlisted public company.

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