Here's how I see it.27 May 2021 08:22
I'll start this thoughtful thread with "most of this is obvious" and I'm not trying to preach, I'm just putting my thoughts to paper.
I now believe that the price for RR is fixed in the lower regions of 100 because a lot of people came into RR expecting a quick profit and then expected to move onto something new or get out quick and buy a car etc. Now these investors find themselves stuck in a situation where they can either pull out and loose money or wait until they get back to the price they are in at and then pull out . So everytime we hit preciously held ground I. E 107 110 115 120 130 etc. we will meet massive resistance, not from any secret organisations manipulating the market but from ourselves as we sell to either take a small profit or break even to move on. The only thing that can stop this cycle is to see RR making profits: selling assets and good news about variants just won't do it anymore as we are now all acclimatised to the new world of covid. The first time RR show a profit with a forward moving graph towards more profits then that's when this share will gain massive ground. I keep reading about snakes, bears, bulls etc. but I never really wanted to be part of a zoo and I like to keep things simple... RR WILL MAKE US MONEY ONCE IT'S IN PROFIT! .... sing it from the roof tops because our day will come and all those pulling out after sitting through the worst of Covid will regret their short sighted investment strategy.
Of course some are making good money from the daily fluctuations and I have to tip my hat to you but hopefully one day you will be on the wrong side of a 30% rise :)