Originally Posted by
Vaygor1
25-September-2014 RYM closes above $8.00
You are a stirrer Winner :), and no it is not near $6.50 yet.
I am a little surprised RYM is under $8.00 (it closed over $8.00 just two weeks ago) but it's not even close to 10% below that after nearly 2.5 months since your's and Rogers $6.50 figure appeared into existence.
History won't repeat itself because back then RYM was a relatively quiet and unknown share but not any more unfortunately and now it is only 6 weeks until the H1 results are out.
Even taking gains as per RYM's guidance and a modest share price of $7.50, RYM should be going up by 10 cents/month. (ie 1/12 of 16%/annum growth rate with $7.50 per share investment)
So if RYM is to fall below $6.00 or even $5,00 as you suggest (say $5.50) over the next year or two (say 18 months), then that would equate to a market price now of $5.50 (in 18 months from now) less $1.80 (ie 18 x 10 cents) = $3.70
In essence your saying RYM's SP right now is over double what the market will value RYM (with a 16% growth rate) at in 18 months from now.
I'm all for panic artists that sell through fear (it's where I, and you I suspect, make a lot of money) but don't you think you're over-encouraging the fear factor by more than just a tad here?