- Joined
- 11 July 2007
- Posts
- 361
- Reactions
- 3
Excellent words of wisdom Porkpie....lesson learnt the hard way in RAU for me now....bought in at 3.6c & was jumping with joy to see it hit 29c in a matter of weeks (my biggest ride on a speccie so far & I had bought a really biiiiig parcel - compared to my other holdings)....then when it started slipping from 29c to 20s & teens & low 10s I couldn't flog them off....& now this announcement :-(
Not sure of how to play it now !!!!!
Hi Mr Delta!
Keep in mind that you have still done very well even at the current SP level. I bought RAU at 3.5c and then again at 8.8c on its way up. I sold half at 20c and free-held the rest, predominantly waiting for Whumbal West results & Mt Carbine purchase when i thought the SP might start running again. However, sellers are lined up very heavily from 10c upwards and when the news of WW was released the SP just hit the 10c barrier and went no further, in fact declined to about 9c from memory the same day. I sold remainder of my holding at 9.4c. I'm still a keen follower of RAU as i think there is still a lot of potential down the track, its just that market depth is very lop-sided at present toward sellers.
If you're in for the long term i'd be holding but if not i'd be maybe looking for an out maybe at any level above 8c. Just my thoughts and should be taken with a grain of salt!!!!!! (Disclosure: no longer a holder)