The trend is your friend. I sold my last bundle of RNT today, and it was interesting to note that before i started talking to the RNT dreamers in this forum the price was above 8 cents. Today it is 25% lower. Even with a falling price, i can not believe the delusional hope that you people have for this declining company. For the people who continue to ignore the share price, it is amazing how nobody ever mentions realestate.com or Domain.com >> Why is this? Because they have a superior product, superior traction, and they are the first point of call and they take RENT's much needed revenue. RNT doesn't stand a chance, and i am happy to get out of this terrible mistake >>> For those of you that think the shareprice is not important, it is time to WAKE UP. The share price reflects the confidence that the market has in RNT's ability to turn around a failing business. Keep dreaming your myopic dreams as that obviously makes you feel better, however the new products are not increasing revenue and www.realestate.com.au is the first port of call for renter. The second is domain. When RNT was on the drawing board these two competitors did not exist. This is the market reality reflected by the share price. RNT is heading to the graveyard. I am not shorting this stock, i am just trying to help you save some money, before the stock delcines another 25%. Good Luck !
RNT Price at posting:
6.3¢ Sentiment: Sell Disclosure: Not Held
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