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Down while BTI is up???

Reply
Not applicable
BTI is up over 2% and considering that REI is mainly BTI how or why is it down???
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6 REPLIES 6
Russ
Super Contributor
I have just bought rei at 1053.
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Russ
Super Contributor
It's right on support now and is oversold.Looks like a safe buy.
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Not applicable
i agree but why is it not tracking BTI, im not ecpecting a mirror movement but definately not in opposite directions, im trying to get in long at 1052...
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john_1
Super Contributor
the reason may be the Mondi finding....to explain.. because of the duel listing of mondi you have to apply to hold PLC in large amount without effecting your of shore allocations, BAT has similar set up, so now that mondis have set president those holding BAT via Reniet may be selling and buying BAT outright. OMO
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Mr_S
Super Contributor
John are u invested in REI for the long term?
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john_1
Super Contributor
currently in discusions with management. no shares yet.. will depend on the outcome.
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