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Beany72

3,285 Posts.

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08/04/17

16:48

Post #: 23953866
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Originally posted by gypaetus ↑

@Beany72 not sure if you're still following or keen on RXP, now that I can drive the charting software and have figured out how to do uploads, I've annotated the monthly chart with the Regal substantial holder notices.
View attachment 540189

Looking at the course of sales there is still "bot" activity, which if evidence of distribution is IMO risky. The amounts being distributed are small and it's taking a long time - the risk being price breaks down before you have distributed your holding. If, however, its an accumulation strategy albeit maddeningly slow (the risk is that price breaks out before you have accumulated a decent position) the benefit is it's harder to detect as an accumulation strategy.

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Thanks gypaetus, yes I am still following RXP. For my sake I hope it's accumulation as I took up 1/2 of a position @ $0.77. The wicks on the weekly scream accumulation to me. I see the company's fundamentals as being very strong.
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