If bought in on the lows on Friday i'd be watching the markets trades on Monday to get a feel of where to take a profit on RED. Thats where chartsist have their usefulness sometimes.
Which would require them to sell at 5% higher than Fridays close, so that's as high as this bounce will take it? Will it then reverse to lower lows, then?
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.
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!
Tend to agree.
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.
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
you would think there would be a few eyes on red with the current market capp , my thinking tells me the market and any possible take over are waiting on the side lines to see wich way gold heads and to see how much gold has been produced for a full quarter.............
If bought in on the lows on Friday i'd be watching the markets trades on Monday to get a feel of where to take a profit on RED. Thats where chartsist have their usefulness sometimes.
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.
If bought in on the lows on Friday i'd be watching the markets trades on Monday to get a feel of where to take a profit on RED. Thats where chartsist have their usefulness sometimes.
Yes thats what Chartists are useful for.
Company report out next week.
How's that profit target coming along for you?
How's that profit target coming along for you?
Well if you bought @ $1.25 on Friday & sold Monday @ $1.32 I'd say around 5%.
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.
Well if you bought @ $1.25 on Friday & sold Monday @ $1.32 I'd say around 5%.
Sound advice.
Do you have a stop level or will you hold regardless.
If it dropped to say 60 c would you still hold on doggedly.
Buy more because it would be soooo undervalued.
Or would you duck for cover.
Retrospective fantasy.
Fact - bought at 1.28 and was out at 1.32 with a small trade.
When it comes to short term trading you can only rely on what was actually done.
It's delusional and misleading to say could have.
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