RAK Rakon

[Toddy]

Well, my day got even worse after selling up this morning.
I was pushing my boy along a footpath in his buggy here in Surfers and managed to get a stick poke 2 inches into my foot. Off to hospital I went with blood everywhere. The doc said that I was lucky as it missed all of the nerves. But, the hole is about the size of a one cent piece so I am laid up on drugs. And NO swimming.

So much for predicting a good week for me this week.

RAK will recover, but whats the point owning a stock going sideways for the next six months.

[bermuda]

Well, my day got even worse after selling up this morning.
I was pushing my boy along a footpath in his buggy here in Surfers and managed to get a stick poke 2 inches into my foot. Off to hospital I went with blood everywhere. The doc said that I was lucky as it missed all of the nerves. But, the hole is about the size of a one cent piece so I am laid up on drugs. And NO swimming.

So much for predicting a good week for me this week.

RAK will recover, but whats the point owning a stock going sideways for the next six months.

Toddy,
That is not good news.Hope you recover quickly.

[tobo]

Sorry to hear about your foot Toddy.
Does this give us a new indicator against which to gauge the RAK recovery? The Toddy foot recovery index.

[Hoop]

Me too Toddy, hope it doesnt upset your holiday too much.
I bet Toddy's foot recovers quicker than RAK

[manxman]

Well, my day got even worse after selling up this morning.
NO swimming.

So much for predicting a good week for me this week.

Sorry Toddy. The risk of tropical infections. Stuffed up my last sojourn in Fiiji by stuffing my head into a squash court wall and six weeks with no swimming. But it could be worse - think of Carmel.

Mx

[ratkin]

Carmel needs Ryman to come up trumps, by far the biggest holding of KFL

[a bowden]

What are peoples thoughts on the chances of this stock over reacting? Massive drop again this morning, surely things are not that bad.

[mondograss]

Things are nowhere near bad enough to justify the current exodus. Still a good company with excellent prospects, strong revenue growth, and if a 700k inventory write off is the biggest problem they've had with that French acquisition then frankly I think they're doing pretty well. I'd say it's a bit of a bargain now to be honest.

[Hoop]

What are peoples thoughts on the chances of this stock over reacting? Massive drop again this morning, surely things are not that bad.

My observation over the last few months has shown that RAK reacts badly to big fall of overseas markets, and bounces back with their rises.

The $64 question is....how long is this present overseas markets lead secondary correction going to last and how deep is this secondary correction going to be.

The good news is that when the secondary correction ends RAK could be oversold and a good bounce may happen.

TA will show when to buy in I guess.

[mondograss]

Wait for the Xmas sales data, big consumer GPS sales will have a nice flow-on.