Hi Agro006, one thing I did forget to mention is RSL has done very well on red days. Even today where the ASX took a major kicking it took a manipulated close by about 50,000 shares to get it to drop 1 point. If the Dow fell tonight but only in a small way I think RSL would come out of the blocks strong again.
The only issue we have is the cappers on the sell side. Funny that with so many sellers on a day like today they just didn't sell at close no they just sit there. In fact an order or two was pulled again today. However, having said that facts are facts there have been a lot of share accumilated over the 2c - 2.4c in the last few days and I doubt there are that many real sellers left - unless traders want to sell at losses or are coaxed into doing it.
I say that as RSL has 513,029,753 shares on issue (including 80 million in escrow until Aug 2008) of which 37% are held by the top 20 some 189,821,009. This leaves about 323,208,744 shares that the public trade both long term and short term. If you go back and look at the volumes there has been a considerable amount accumilated at these levels hence I think northward we are bound. Unless the tree shakers win out of course...lol. Good luck to holders.
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