Obviously some folk believe they have made enough ...and others believe its time to get in...
Re the discussion of a share split....I believe I posted a while back that a split occurred just above $11 about ..what 6-7 years ago....cheers
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Obviously some folk believe they have made enough ...and others believe its time to get in...
Re the discussion of a share split....I believe I posted a while back that a split occurred just above $11 about ..what 6-7 years ago....cheers
I must confess I was extremly surprised by the match price of $8.20 at 4.57 p.m. just before close and thought about getting back in and buying some...but decided against it. My perception of relative value is not swayed by a 50 cent price change but my thought was this could be a good trading opportunity for resale in a few days time. Perhaps a missed opportunity on my part but I am loathe to pay what I consider too be over the odds in terms of value for any stock regardless of the time horizon one intends to hold for.
I cannot see value in a stcok that's risen in price by ~ 300% in the last few years when its EPS is growing at only ~20% per annum. Rarely do we see a finer example of substaintial PE expansion than RYM has provided us with over recent years, arguably supported by 50 year historical low interest rates, which of course won't be the situation going forward, (P.E. contraction just around the corner ?). Talk about "THE" market darling. My thoughts on the relative value of RYM v SUM are well articulated in the SUM thread.
All that said I feel a bit sorry for RYM shareholders today. Who needs this sort of wild volatility !!
Roger...the last line of your post....is well....do you understand the term narcissistic....cheers
what 300 + % in what 2-3 years ?????
Yes. A month ago they were just above $7.50 and began to climb. Someone just dumped 2million of them on the market right on closing today. I too have not seen a drop like that in RYM in 1 day but I have seen it over a few days more than once in the past. It doesn't phase me (yet)... last buy was years ago, have never sold with no intention (at this stage) to do so before at least 2020.
WELL WELL WELL. If anybody has been around and has been reading the post over the last week or so ( read back) the person's/company/or whoever that has been buying up big at the last minutes of each trading day over the last week is the persons that has possibly deciding to cash in today.
Has it been a pump and dump attack exercise,(I don't know).
Thoughts anybody. Cheers.
Disc sold down 25% last week at 8.41 @ 8.44 with In4a$. (30%)
Cheers
No worries ....even after todays CRASH/COLLAPSE the 820 is just a tad below the linear regression line that has been in place for over 18 months now ..... and well within the price channels
Probably trigger a buy soon for Misty using his Parabolic SAR ....though today might have caught him by surprise
Interesting theory, (pump and dump). Price seems to have come in for very strong support right at the very close, (which frankly has looked quite contrived), for some time now. Definitly put me in the conspiracy theory camp. Won't dignify name calling earlier by another poster with a response other than to add that everyone is entitled to express their opinion, good bad, or even ugly, (in other people's eyes).
In my opinion Ryman were a strong buy at ~$2.50 3 years ago and the market is now pricing the stock based on absolute perfection going forward. Any market contraction in price earnings multiples due to higher interest rates or slowdown in growth based on difficulties in Australia and...
If it was the last day of buying for the Global midcap fund and sophs knew that it may explain things but don't really know. Almost got caught out but managed to flick some more @$8.57. just before the last hurrah today. Hopefully some clarity in the next few days.