Bonta
2022-07-01

$Regis Resources Ltd(RRL.AU)$

[Cry] There's a rally of more than 10% todayreaching $1.45 at peak. Appears to be short covering. 

I entered at $1.285 yesterday while doing DCA.

I didn't check the stock movement in the morning, and missed the move.

I was thinking to sell off the same no of shares that I bought ytd for target price of $1.435, profit of $0.15, netting >10% move in one day...

If the sell order is filled, to replace the buy order at $1.285 locking in some gains.

Seems like I am late to the party, Price is moving down. 

[Helpless] will maintain the sell order at $1.435 and see what happens next. 

I won't advise adding on to $Regis Resources Ltd(RRL.AU)$though, cos it isn't that stable compared to bigger gold players. 

I continued to DCA I am already holding Regis shares, and I Want to lower the average price. In addition, I am of the opinion that short selling is overdone. 

Well, same comment as yesterday. Hero or zero for Regis. [Helpless] See how it goes. 

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Comments

  • CYKuan
    2022-07-01
    CYKuan
    Next time probably can have your investment plan done beforehand can set GTC order to avoid any missed out [smile]
    • BontaReplyCYKuan
      Thanks [Happy]
    • CYKuanReplyBonta
      [Happy] Good try though [Tongue]
    • Bonta
      I was planning to just do plain dca, and not do any short term trades. The sudden rally came as a surprise. Thats y i was trying to cash out and reset the dca. Too attractive to resist. [Facepalm]
    • CYKuanReplyBonta
      Thanks for willingness in sharing of all the trade [Heart]
  • frosti
    2022-07-01
    frosti
    Be careful.Regis is risky now.
  • vippy
    2022-07-01
    vippy
    Thanks for your useful sharing.
  • zinglee
    2022-07-01
    zinglee
    The price NOW is too high for Regis .
  • RedpillBluep
    2022-07-04
    RedpillBluep
    Interesting article! Thanks for sharing, appreciated. 👍
  • LeonaClemens
    2022-07-01
    LeonaClemens
    Cost price of $1.285 looks good for you.
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