RRL 0.00% $2.59 regis resources limited

Ann: June 2018 Quarterly Results Presentation, page-5

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,908 Posts.
    lightbulb Created with Sketch. 390
    I may be wrong... it has happened before...

    But hammering a share price on release of results when the buy stack is thin is a fairly classic move... particularly if there's a results conference happening right at that moment. All the factors align for an awesome response to the triggers:
    1) People haven't had a chance to digest the results, so they think somebody else has turned up a bad thing.
    2) People who aren't tuned into the conference think something terrible has just been revealed.
    3) The lines are thin so you can wipe out of a lot of them without having to risk a large short position.
    4) The outlook for Regis is extremely strong so you can cover your shorts and still take a large position at a low buy price.

    I hope I'm not wrong... I doubled my stake on the dip!
 
watchlist Created with Sketch. Add RRL (ASX) to my watchlist
(20min delay)
Last
$2.59
Change
0.000(0.00%)
Mkt cap ! $1.473B
Open High Low Value Volume
$2.55 $2.60 $2.55 $3.866M 1.495M

Buyers (Bids)

No. Vol. Price($)
5 128666 $2.58
 

Sellers (Offers)

Price($) Vol. No.
$2.59 11158 2
View Market Depth
Last trade - 16.10pm 28/11/2024 (20 minute delay) ?
RRL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.