Well the market sentiment is going to be rubbish for a long time to come until a new financial order has arrived.
How that affects us mugs in the equity markets isn't likely to be a good one.
Unless Benny pulls his finger out and does another round of QE but that is unlikely until the DOW drops below 10000 or something like that.
What will our dud market be if that happens? 3200, what will RES be then? 18c or lower
Who knows but holding for the long term has been the worst possible advice yet becuase we are in a longterm bear market. I just live in hope this gets to a $1 again as it will probably be time to get out before another drop back to 40c.
I share Rob's concerns and these are valid. At least HC gives a place to vent.
The only time IMO that RES is ever going to get a decent s/p in these conditions is when a t/o offer comes. What will it be 50c after the horrible dilution we will endure if these markets condtions keep up.
RES Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held