RIV 0.00% $16.20 riversdale mining limited

By the way, I didn't lost too much money in RIV, but did big...

  1. 1,013 Posts.
    By the way, I didn't lost too much money in RIV, but did big loss in AED and INP, both are oil stocks with water pumped.

    I held RIV when RIV was still above $8 in 2008.

    Sold RIV at $9 to buy REY at 18c.

    Sold REY at 10c to buy RIV around $2.50 (big falling of ASX coal stocks last October)

    Sold RIV around $2.50 to buy MCC around $3.

    Did sell half of MCC around $3.50 to buy back RIV at $1.70

    Sold all holding of RIV to buy MCC when they were same price around $2.50.

    Sold MCC from $3 to $6 to buy REY from 4.6c to 6c.

    Beat the coal sector quite well before April when REY hit 11.5c.

    But after that, I became the loser. REY dropped to 5c again (I always believe that it was GNM, the largest holder of REY to dumping REY in April and May to send a cheap offer) and all other coal stocks doubled their share price.

    Bought 10000 shares of RES at 70c.

    GNM did send a bid offer to REY last week, now REY is 10c, hit 13.5c last week.

    Still lost 40% of all my investment. I enter ASX July 2007.

    Cheers





 
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