RRS - Range Resources

[mr greed]

Range Resources is drilling next to one of the largest nickel strikes in Australia( Western Areas)
Even with 320 mil shares they could easily hit 60 cents or more. I own RRS and should buy more at this ridiculously low price.

Happy bidding and Happy New Year

Mr Greed

 

[tech/a]

Re: Nickel Heaven? RRS

Technicals

 

[krisbarry]

RRS (Range Resources Limited)

STOCK TO WATCH/BUY/HOLD

Strong, Steady trading. Drilling right thru Jan. Should see the very positive upward movement continue.

Share Price has nearly trippled in 3 months

29-Dec-2004 Significant Sulphide Mineralisation Found at Forrestania

 

[RichKid]

Re: Nickel Heaven? RRS

Looks like it's returned to trend, premature breakout, gap certainly closed again. Volume has dropped as well but still decent depth.

 

[krisbarry]

RRS - Much Activity Ahead....

* We will see a much higher volume of trade and a rapid rise in share price
* Assay results from the 1st drilling campaign and a re-assessment of the sulphide deposits
* 2nd drilling campaign on its way
* Induced Polorisation (I.P.) results from the Donnybrook Gold Project
* DRILLING PROJECTS PLANNED FOR THE NEXT 5 MONTHS

Happy Days Ahead.... for those shareholders who have stuck it out and have endured a loss of more than 50% of their capital in the last couple of months.

RULE #101 NEVER SELL ON A LOSS, HOLD OUT FOR BETTER DAYS!

 

[RichKid]

Re: RRS - Much Activity Ahead....

Hi Kris,
I've noted that there are about four threads on RRS (two started by you), could you please post on one only as most of the threads only have two posts, kinda clutters up the site. Thanks!

1) this thread ( https://www.aussiestockforums.com/forums/showthread.php?p=7275#post7275 )
2) https://www.aussiestockforums.com/forums/showthread.php?t=773&highlight=rrs
3) https://www.aussiestockforums.com/forums/showthread.php?t=799&highlight=rrs
4) https://www.aussiestockforums.com/forums/showthread.php?t=759&highlight=rrs

 

[GreatPig]

Re: RRS - Much Activity Ahead....

for those shareholders who have stuck it out and have endured a loss of more than 50% of their capital in the last couple of months.

Those shareholders are typically known as mug punters.

GP

 

[Warren Buffet II]

Re: RRS - Much Activity Ahead....

* RULE #101 NEVER SELL ON A LOSS, HOLD OUT FOR BETTER DAYS!

RULE #100 Never buy an expensive share, always buy at a discount price and you are not going to need to dream about better days!

This rule is just for some fun I hope you can get some money back.

Regards,

WBII

 

[RichKid]

Re: RRS - Much Activity Ahead....

RULE #101 NEVER SELL ON A LOSS, HOLD OUT FOR BETTER DAYS!

That's a dangerous rule imho; as far as losses are concerned the general rule is to cut losses- fast!

I hope those who lost money do better in future, it's always hard to take a loss, making it a habit to cut losses fast always makes it easier.

But who knows, maybe RRS followers know more than I do and it may skyrocket, chart suggests otherwise though.

 

[doctorj]

Re: RRS - Much Activity Ahead....

RRS is a great example of why you should set your stops and stick to them - or at the very least get a healthy interest in wallpapering your home. RRS exists somewhere up the far end of my barge poll, along with other companies such as Chemeq. It's my firm belief that money is too hard to come by to intrust it to poorly managed companies.

Whether or not RRS is poorly managed is up to the reader, but of the little research I have done, a disproportionate amount of it involved vigorous conjecture abut the quality of management of the company, possible price manipulation and insider trading and the alleged dubious actions of the Findlays. This is enough to curb my enthusiasm towards any potential buying opportunities in the near future as a result of this week's weakness in the share price.

* We will see a much higher volume of trade and a rapid rise in share price

Maybe we will, maybe we won't. Those of us with a vested interest in RRS or those that are less risk averse than myself looking for trading opportunities may hope so. Previously, RRS has made very negative announcements coming out of a trading halt, so it's a big wait and see. Sure they currently are expecting results, but remember a downgrade in results of a previously positive hole is as price sensitive as good results - both warrent a halt. Whether or not the strong downselling in the previous few days is an indication of insiders liquidating their holdings is anyone's guess.

Happy Days Ahead.... for those shareholders who have stuck it out and have endured a loss of more than 50% of their capital in the last couple of months.

I feel sorry for anyone who has lost money while investing or trading, but the key is to learn from it. Don't fall in love with a stock so much that you are ignorant to the reasons for failure. As the song goes, everybody hurts, sometimes. It's how you get back up the counts. What seperates traders and investors who regularly update their Maserati and those that still have an outstanding balance on the personal loan to buy the 1973 Mitsubishi Sigma is either blind luck or a steady learning curve. Luck is like getting struck by lightning - learning is something anybody with some analytical aptitude can do. If your trading methodology is to hold in situations such as those you describe, I wish you all the best, but I encourage you to get in touch with someone that can advise you of some alternative investing techniques.

RULE #101 NEVER SELL ON A LOSS, HOLD OUT FOR BETTER DAYS!

As much as I hope I'm wrong, my own backtesting over many years of data would indicate that this isn't the most successful strategy by any means. I do hope you get your money back, but I'm not going to hold my breath. There's some analogy about a dead cat that's applicable here :goodnight

 

[Bingo]

Re: RRS - Much Activity Ahead....

I would like to think otherwise, however, the history of this company suggests a negative announcement. The share price was week before the trading halt which, to me, is just not a good sign.

 

[Bingo]

Re: RRS - Much Activity Ahead....

The news is slow. Trading halt was until earlier tomorrow morning of announcement, therefore announcement must be by market opening to-morrow.

 

[Bingo]

Re: RRS - Much Activity Ahead....

Where is the announcement. Must be out this morning. Talk about last minute.

 

[Bingo]

Re: RRS - Much Activity Ahead....

Annoucement posted at 10.02am. Had to be poor given they left it to last minute. The SP should fall.


Bingo

 

[Warren Buffet II]

Re: RRS - Much Activity Ahead....

Annoucement posted at 10.02am. Had to be poor given they left it to last minute. The SP should fall.

Bingo

I do not know what the announcement was but the share price just dropped 12.5%, as someone said before this is a clear example of the need to use stoplosses.

Regards,

 

[Bingo]

Re: RRS - Much Activity Ahead....

I do not know what the announcement was but the share price just dropped 12.5%, as someone said before this is a clear example of the need to use stoplosses.

Regards,

Only problem with stop loss in this case is it was on trading halt and fell on opening after announcement.

Is there something I have missed or is my assumption that with a gap down a stop loss will not be effective.


Bingo

 

[RichKid]

Re: RRS - Much Activity Ahead....

Yep, good point Bingo, stop losses help manage risk but don't erase it, eg delisting or gapping down like RRS.

 

[markrmau]

Re: RRS - Much Activity Ahead....

I was having yum cha in the city once, and there was a fire in the kitchen. I grabbed the nearest bamboo thingy of dim sims and headed for the door. I think the same rules should apply to trading.

 

[RichKid]

Re: RRS - Much Activity Ahead....

I was having yum cha in the city once, and there was a fire in the kitchen. I grabbed the nearest bamboo thingy of dim sims and headed for the door. I think the same rules should apply to trading.

Mark,
Love the analogy! Let's call it the 'yum cha dim simmy bamboo thingy rule' (YCDSBTR for short, hee hee hee). Although with RRS I think people would've lost half their dim sims already, not much left to burn down now.

 

[krisbarry]

Re: RRS - Much Activity Ahead....

Better Day Feb 16th, with a 10% increase in share price.

Share Price will steadily increase again with second drilling phase planned.