It was always going to happen. RGS flagged this potential deal a while back, with end date of September end. The nervous were always going to sell out when the deal did not materialise.
Three months later, it has materialised, but the overpowering urge to sell takes over.
Fortunately I had an order hit at 16.5, however I am expecting lower SP during January as I think this market will have selling pressure once all the pundits come back from holidays.
It is not inconceivable for 14 to get a test.
RGS Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
