RRL 1.16% $2.56 regis resources limited

Ann: June 2018 Quarterly Results Presentation, page-5

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  1. 1,908 Posts.
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    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!
 
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Last
$2.56
Change
-0.030(1.16%)
Mkt cap ! $1.473B
Open High Low Value Volume
$2.60 $2.60 $2.54 $4.403M 1.716M

Buyers (Bids)

No. Vol. Price($)
7 94933 $2.56
 

Sellers (Offers)

Price($) Vol. No.
$2.57 35564 3
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
RRL (ASX) Chart
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