Register
Login:
Share:
Email Facebook Twitter

RRL Share Chat - RSS Feed

Range Resources Ltd Share Chat (RRL)



Share Price: 1.45Bid: 1.46Ask: 1.48Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.02Spread as %: 1.37%Open: 1.48High: 1.49Low: 1.45Yesterday’s Close: 1.45


Share Discussion for Range Res. (RRL)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Celticheart
Posts: 5,332
Observation
Opinion:Strong Buy
Price:1.45
Sonmi-451
Thu 18:53
Ask around I think you will that many share my view, or give me a better scenario.
 
Sonmi-451
Posts: 125
Off Topic
Opinion:No Opinion
Price:1.45
celticheart
Thu 18:48
OK... Lets go with your "theory"

Traders drop the price by selling small volumes of shares.

Then the same traders BUY substantial volumes at this new lower price.

Then what happens next ?

Are you insane ?
Celticheart
Posts: 5,332
Observation
Opinion:Strong Buy
Price:1.45
Sonmi-451
Thu 18:34
Strangely enough people don't generally sell £50 worth of shares to lock in profits, by the time you subtract trading fees it simply is not worth it and that is what has been happening here day after day, followed almost immediately by substantial buys. Drop the sp on low volume trading and then buy cheaply, not a hard concept to understand.
Sonmi-451
Posts: 125
Off Topic
Opinion:No Opinion
Price:1.45
View Thread (3)
RE: Points
Thu 18:26
Just out of interest, does anyone actually believe the conspiracy plop that CH comes out with on a nearly daily basis as the SP drops.

"systematic manipulation by traders capitalising on low summer trading volumes"

Ever considered that the reason the SP slides day after day is because thats what AIM shares tend to do inbetween periods of no positive news.

Who is going to buy in on the promise of "better days tomorrow" when, as the song goes, Tomorrow Never Comes.

CH is either a seriously naive "investor" with little knowledge of how the market works, and has been fleeced of his savings by an aggressive market and is now in denial, and great financial loss.

Or he is Dogpogs new champion, vainly blatantly ramping day after day for other reasons unknown.

This is AIM territory. Anyone who has been around a while will have seen the "trading pattern" before many many times.

...NEWS DRIVEN... THERE IS NO CONCRETE GOOD NEWS.... THAT IS WHY THE SP IS DROPPING AGAIN...

It means people are selling .PI's mainly as this is 95% PI owned stock. To invest elsewhere. Even PL advised shareholders to take some profit after the gains a few years ago. After the next piece of "Good News" the SP will rise, then inevitably drop again after people sell into the news. Its what happens. Forget the trend charting and TA.

PEOPLE SELL... PRICE GOES DOWN PEOPLE BUY... PRICE GOES UP

Look up supply and demand, Page 1 of Economics for Dummies. Primary School Edition.
Celticheart
Posts: 5,332
Observation
Opinion:Strong Buy
Price:1.45
JohnHenry
Thu 17:56
Nonsense, of course there is, maybe you are one of the traders doing this which would be a reason to deny it :)
JohnHenry
Posts: 705
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.45
View Thread (3)
RE: Points
Thu 17:46
There is absolutely no manipulation going on here. Its just light selling in a low volume market.

FFS CH turn the record over.
Celticheart
Posts: 5,332
Observation
Opinion:Strong Buy
Price:1.45
View Thread (3)
Points
Thu 17:07
The current drop in the sp has nothing to do with lack of communication from Range it has to do with systematic manipulation by traders capitalising on low summer trading volumes. Look at the trading patterns, multiple low value sells to drop the sp followed by large buys. It is transparently obvious what is going on here. I have noticed the same pattern on other small cap shares such as SOLO and AEX (fully listed not AIM). How about we just let RSR and the BOD do their job without interference from wannabe directors.
ErraticPhil
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:1.48
Points
Thu 16:48
Robins - Cheers.
Mickdee/RTN/Rexco - Rich is right lines, I think it's a case of trying to coax them in the right direction on comms rather than anything aggressive. You only have to see the speculation on recent / current production levels and the interpretation / meaning of the Trinidad ministry data on here alone and just today (and as Rexco has immediately demonstrated again) to know there is a whole load of clarity that could be provided which would cut out all that. Meanwhile we have uncertainty and we know what that does to the sp. As Mickdee and others have commented, it seems they still don't really 'get' that at Range Towers.
JDwag - let's hope the recent two-monthly pattern at least is maintained...
Mickdee - Yes... though I guess we'll never know why it went to 2.7p or who was doing it, or indeed whether that was fair value at the time - possibly not based on the info in the public domain.
Rexco
Posts: 2,530
Off Topic
Opinion:No Opinion
Price:1.48
View Thread (7)
RE: Trinidad update
Thu 16:48
JD

That is not what I am saying but it does appear to be what Range and Buchanan's are saying.

I think Rory is behaving in a way that the CEO of a big oil company would do and not what the CEO of an AIM oiler would do.

As others have said he needs to change tack and give regular news updates otherwise the share price may remain in the doldrums for longer than need be.
RichTheNewbie
Posts: 9,764
Observation
Opinion:No Opinion
Price:1.48
View Thread (2)
RE: RTN
Thu 16:46
With regards news I don't completely disagree. However, if over the course of the next 6/9months, regular bopd increases become expected, then the interim news releases become less important as you'll be expecting the same again and already factoring that into any decision to buy or sell.
Currently we're not quite there yet but that doesn't mean it can't happen.
So in some sense they're probably not bothered. In some senses I'm not bothered either. It's the delivery on the ground that will make the biggest difference rather than a ton of small news releases.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.