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Shadow, not sure which graph you looking at. It started around 220 in April 2011, peaked around 440 in 2014, the went down from there to around 230 pre COVID. If you take into account inflation, it’s a huge drop since then. And had you put money in an etf (S&P500), it went from 65 in 2011 to 204 in 2021. So, you actually lost money with RR (and I didn’t count the after COVID part). We are better off putting money in an VTI or VUSA. That’s a fact. Again, this is not a long term play. It is a COVID play.
Bough in BP and Royal Dutch today on the dips, we should go up from here, oil prices will go up as the economy is opening up. Today takes a hit as Biden will talk about future plans, perhaps using more green energy. But oil is here to stay.
Fisher king, I guarantee that is not going to happen. Rr has been falling for the last 10 years, never recovered, this is a COVID play, not a long term hold.
Hi Dorn2003: thanks again, I just sold 75% of my holding on that drop, move to BP and Royal Dutch, which are dropping today as well. I am pretty sure I will get back my money quicker than with RR. And perhaps by then I can still jump back in and still be better off than other long term holders, it’s all about trust, I don’t trust the company any further based on the price action.
Thanks Don2003, that's a very reasonable account of the situation. I am sorry for venting out here and thanks for chipping in. I guess it's all about the supports we can give each other.
The reason I am frustrated is mainly that my (our) money is tied to this. I am gutted because I pulled out of Barcalys to play this (it's since more than doubled, from around Jan). IAG was hard hit and they had only flying as the only revenue source, but they still do pretty well I must say. RR is, perhaps the worst of the bunch.
Anyway, I will try to hold for a few more days, hopeful for a new financial year and the announcement over the weekend. Fingers crossed it's going to be good, otherwise, it's disastrous to my investment.
I have a job as well but this stock keeps dragging me out of it. this has put an emotional toll on me as I am very invested. I will wait and see what happens today, if it ends up red, I will sell as soon as it turns green and move to other plays, there are so many good discounts going on.
smalltrader, we have been such hopeful for how long??
Holding since December, could have made a £45k paper profit if sold at top. Now losing £6k. But the price action the last two-three weeks just proved the ****tiest stock ever that I've held. And I've got burnt by penny stocks, OTC stocks, and all that kind of plays. But none has returned me with disillusion and frustration like this piece of ****. I sold. Good luck to those who still blindly believe in this ****.
chaoticfarm, I've been very patient. It's also about the opportunity cost. It's not like the whole sector is down. No, it's just this particular stock. We are in this for covid recovery, I don't really care about 2-3 years, for sure I won't hold until then. If within these 4-5 months we won't make a better return than other stocks in the sector, we are losing out. And it's been like this since October/Decemeber, we always fall further but bounce back very little.
IAG up 4.9% yesterday and then 0.5% today. RR up merely 2% yesterday and now in red. It just doesn’t make sense. Or perhaps it does, this stock is at the back of the queue for every thing, absolutely disgusted.
Any now it touches 106 again, Jesus, can we just have two straight green day already??I am just gutted for not selling.
It’s rather short lived so far, a good green start is now followed by a big red, erasing all the gains. Hope we don’t touch 105 today, absolutely unworthy of holding long, many overs can jump in now and profit more than us the long term holders, shame.
as long as it does not come straight down back to 105, I am okay with that. Still hopeful for a 110 finish.
I will stop bashing it if it ends today at 110. Come on RR, two weeks is enough (today two weeks ago, it started the plummet).
What's behind the jump? I am feeling scared for this. It goes down, I am disappointed. It goes up, I am suspcious. I don't know.
Still disappointed small trader, IAG jumps 4%+ and RR struggles to stay at 108, I am just frustrated every single day, it drops more than it’s counterparts and always recovers less.
notrader, we are anonymous, so there are many reasons to lie in the internet, but for me I don't see why I have to lie. Agree there is one day in the last two weeks it ended green (I think around 1%+), but consecutively -4%, is that not a fact?
I am invested a lot on this, and as my posts suggested, I am in deep 3LRR, so I've lost a lot during this two week period. That's a truth. And I am gutted and absolutely shocked. That's why all of my rants.
Notrade, I must miss your post. Now, it has gone down form Wednesday the week before. With yes, on green day when it rebounded from rock bottom, I think last Tuesday. On Friday, it ended red in my broker (212, which was a -0.14%). Had it been up 0.14 that day, it's still terrible. Now, that meant it has been down for nearly two straight weeks? Is it not correct?
And why am I disappointed? I've been holding since December, through the atrocious January when everything else was booming and this hit bottom - I believed I will get rewarded soon when things started opening up. Yes, it went up for a few days, but crashing down quicker and faster than it has ever been. If you look at the chart, this has been the longest downtrend for the last year or so. That's not a lie. You are just pedantic for picking on me for on barely green/red day. My statement holds true and my sentiment is clear. I was a supportive bull, but now I am growing frustrated. I refuse to sell it because I refuse to take a loss. I might sell in April to materialise loss for the new trading year, but not now.
I admire your tenacity, I am not sure if I can hold again any longer, this has been a terrible 2 weeks and it left me shaking fir any drop, the thing is that with all the good signals, the stock keeps going down...
Another big red day, currently down 1.2%, Jesus, when does it end? Should have stayed out. Monday is ruined with this frustrating stock.