RAW 0.00% 0.8¢ rawson oil and gas ltd

oversold yes, probably over bought aswell.i have held this stock...

  1. 262 Posts.
    oversold yes, probably over bought aswell.

    i have held this stock for a while and it is lucky to have 100,000 shares traded a day. which is fine part of the attraction of the stock for me was small amount of shares issued, large holders including management, the small market cap but plenty of different things going on, mgmt conserving cash and avoiding CR. with 300,000 odd shares you could have got in the top 20 last year.

    yesterday 10M shares traded, and up to 26 cents, shows the potential just from continued KEA success, but how many of those who bought are willing to wait, maybe more liqudity come to the stock now, will we see 10-13 cents range again, i dont know, i bought some more today at 16 cents, will be happy to buy more if it falls further, if a few of yesterdays buyers have to jump ship.


 
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