RDM 3.13% 16.5¢ red metal limited

bought at close yesterday, im a sucker for buying at close on a...

  1. 17,232 Posts.
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    bought at close yesterday, im a sucker for buying at close on a large dip day on most stocks.

    In fact, I have no idea what this mob really do and dont care to be honest.
    Sometimes I think this is the best way to day trade.

    Minnow stocks (espec mining) tend to get somewhat overbought when promoted and in the midst of a drilling campaign, then on the downturn can be oversold to the downside on very down (35% plus) down days.

    Stats tell me its more often than not a good time to grab a few at close the day of the disaster (drop), before day 2 trade, as around 78% of the time a stock that dives over 30% in a day rebounds at least 10% day 2.

    Obviously its also wise to choose the right ones to play.
    Lets see if the stats hold up today.

    Anyway in for a few, and most probably out again before end of the week, but good luck all.

    Warnie


 
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Last
16.5¢
Change
0.005(3.13%)
Mkt cap ! $49.41M
Open High Low Value Volume
16.0¢ 16.5¢ 16.0¢ $17.75K 109.9K

Buyers (Bids)

No. Vol. Price($)
3 78908 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 169099 3
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Last trade - 16.10pm 03/07/2024 (20 minute delay) ?
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