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14.5¢ resapp health limited

Thanks Tadpole and others. I was basically of the same view but...

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dougfr

685 Posts.

5

01/03/18

14:11

Post #: 31451749
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Originally posted by TerribleTadpole ↑

I think it's most likely a combination of tactical responses:

1) Some holders who were well in profit after the last two weeks of trading would be encouraged to lock in their profits in the face of US market weakness. A sensible move.

2) Some traders could be trying to trigger a sell-down by "selling on the news" hoping this will combine with negative sentiment about the US market drop to spook holders into off-loading.

3) It wasn't the hoped-for big news, even though the report itself was solidly in line with expectations.

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Thanks Tadpole and others. I was basically of the same view but was interested in others opinions. I will put the drop in the sp down to other factors including the Dow Jones drop, a bit of profit taking, and that some people expect too much of RAP in the short term.

RAP Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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