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Online Share Trading

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RLO getting smashed ...

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7 REPLIES 7
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DPC
Occasional Contributor
Why you loving it, makes no sense? This seems to be overdone or have I missed some bad news here?
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Not applicable
errr... loving it cause I'm short on this share, I've been in RLO puts for two weeks now.
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DPC
Occasional Contributor
What is your reasoning for shorting this share?
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sparrow
Contributor
Skippy - I hope you squared your position - see comments on Sharetips.co.za on reunert - if thats a correct view and I believe it is - share is trading on a fwd pe of about 8 - that makes it fairly cheap - Interims were great and the chair indicated that real earnings growth in latter half to Sept is expected... that will put earnings in the reigon R 7+. Looking at the technicals too a breakout expected. Unless the whole market crashes I cant see too much downside here and expect at least a pe of 10.....I wont bet the house... you cant force a market..., but the markets punishment for the way the bee deal was structued last year is overdone. Ill back this one from here!! Comments
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sparrow
Contributor
Some movement at last - my position from before the crash still in the red but a SSF trade at the lows has helped to balance the books somewhat - more legs in the short term - maybe ?? any info from forum welcome.
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Creature_of_the
Super Contributor
So why is it up today..and announcement imminent in the next few days?...lol
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