Heyyyyy. I just discovered the ignore posters function on here. So much nicer not to be seeing trouble making trolls 'quack quack' and their dopey mini me sidekick posts.
Volume is really poor and very disappointing for those who
would like to see some positive movement in RED.
Not likely to move forward this week from current price action.
On the + side there is no supply at these levels indicating accumulation
rather than reactive selling at every up side opportunity.
For me a watch and wait.
I like to watch NCM for where sentiment lies in general as there are more internationals and hedge funds playing the bigger caps.
Once NCM looks to be stabilizing after a strong up or down move the others can make aggressive moves a day or two after a new direction starts with NCM.
More armatures playing the smaller caps taking a bit more time to 'get' the new short term move.
Doesn't always happen but when it does it's pretty reliable and you get the time to get them long and short!
Forgive me I'm dyslexic.
The volume is low even when looking at it realistically (current V x 10 = ignore the 10:1 consolidation).
For a 13.5 cent stock there is a lack of interest on either side especially when you compare it to goldies like NGF (long on 13th at 24.3c avg - stop at 23) where there seems to be interest and volume and the chart is (erratically) leaning in the right direction.
Si Hoc Legere Scis Nimium Eruditionis Habes
Wish RED would get a takeover offer of .25 (2.50). I'd take it just to not be temped back to this dam thread
Time for the Coles song.
Down down the prices are down. All together now....
We won't be tolerating any comments designed to aggravate so keep it productive or move on.
Personally if you read my previous posts you'd know that my base cost is $1.36 so i haven't sold and happy to hold until it recovers.
RED if gold stays around the current price should only get stronger it's bank balance. One of the lowest Gold Producers around with no debt. Time will tell tho.
Tech stick with what you know and hopefully you'll make a profit with RED eventually and as for your faithful shadow Boogo following you around the forum he too should make a profit also when you decide to come on board.