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RSG $1.06

RSG ... buyer and seller adrift

  1. arhidas

    753 Posts.

    26/07/02
    20:31:03
    42137
     
    Ever wonder why the buyers are backing off and the sellers are afraid to meet the buyers at lower levels?

    and visa-a-versa!

    Someone either wants to hold RSG up or something is brewing!!!

    What that is I do not know.

    Lets us wait and see the 4th quarter report, out early next week.

    On the technical front RSG had a great correction and needs to break above 80 cents for it to move higher.

    On the downside, I estimate that the stock is trading about 10% discount to its NPV, so any fall could be a good entry.

    On any rally, its bye bye RSG and I am switching to HRR.

    Arhidas
    0
    Great analysis
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    RSG (ASX)
    Price at posting: 0.0¢
    Sentiment: None
    Disclosure: Held

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