RE: people buying23 Aug 2017 18:08
Panamabob,
and Red Leopard has nopw drifted to 0.24p. The drift towards 0.15p continues.
----------------------
RHL/ Red Leopard going down to 0.15p.
Sorry for that. Normally I am not looking at gambling shares where you have 90s youngsters throwing in one grand and see if it goes to 100 or to 0. I for one dont do betting for instance. I simply hate betting. Maybe because I cannot stand to loose money. Not even a houndred quid.
Speaking of betting:
- Buy on rumours, sell on news. Everyone is waiting for some special news..., but there wont be much in it because there is no insider share hype whatsoever, but the share is rather retracing since weeks.
- Director buys in early June were to distract private investors. Since then none of them - and none of their friends - have boughtin here. If they did buy, then this share would trade above 0.30p.
- Friday we have seen a small percentage rise, but this was only a technical correction within a newly started downtrend (since 0.30p broken).
- Long term bearish signal has been generated in mid July, when the Sp struggled with 0.28p. This is pointing to a retrace back to the support during the first spike this year.
- IF 0.25p support is breached, then instance retrace to 0.23p and 0.21p where this has one last chance to hold. But it wont hold and retrace down to about 0.15p and 0.11p, the prices of the initial spiking days.
- Next week: There might be the RNS, and remember to sell on the actual news. In 90% of the cases the released news is never as good as peoples hopes and dreams. Currently this sees a several day technical bounce up till about 0.295p. So this gives you a good exit point. At that line the Sp will bounce off an end. Here the Sp will bounce off and resume its weeklong down-trend.
From todays view: Only buy back in here, IF the massive 0.31p wall is climbed.
Always DYOR:
http://www.lse.co.uk/ShareChart.asp?sharechart=RLH&share=red_leopard