RE: Playtime11 May 2018 13:25
Oil near a peak price and still very few trades on this Share.
You can call it manipulation if it suits, to me it just smacks of a lack of interest by the wider market.
I learned some serious lessons from investing in RRL, the biggest being diversify your portfolio.
If people are dabbling in stocks like RRL all well and good, you could double your money overnight but I would never go all in. So I hope others don't either. Other lessons are around historical profits (or lack of them) and debt levels.
The harshest lesson was to cut my losses. I lost 50% of my investment and that was sufficient for me averaging down on a company that pays no dividend just seems nuts now I have a bit more experience. Since selling up I've managed to recover some of that 50% loss on other stocks, had I held that capital would have been halved again.
I'm not a shorter and I hope people recover as much of their money as possible and this company actually turns a profit for once.