Davis, it's getting to that time i RAS's cycle to make a killing... Again :)
You guys that have been around RAS the last 5 years proberbly know me... I have been making lots of profits buying RAS when it bottoms in the low $1.x pre 3:1... It seems the time for another buy is aproaching... Back in the days the price would now be $1.66, and I usually start buying at $1.50, so target price now is $4.50.
Wondered when you'd show up. Good luck. I think $4.50 is aggressive, but its certainly possible and you've picked well in the past. I just bought more at $5.01. Haven't picked my next price point yet. I'm not sure I'll need to. Today's IRT dividend announce changes the game in important ways. RAS dividend announcement (probably in mid-September, may change it again.
The thing is the overall market is really bearish, I can't think of anything that can turn the overall mood around can you? So my prediction is for the market to tank another 5-10% and as you know, RAS usually falls 2-3 times more than the market, so a fall of 15% for RAS can happen during the next month. Specialy if things over here in Europe gets worse, with Italy having huge problems.
Properbly, its hard to buy exactly at the bottom... My point is, any buys below $4.50, will make you a profit sometime in the next 6 months. So 4.50 is just a price to start accumulating. Divide you money in the piles and buy at $4.50, $4, $3.50, if you don't have guts. I wwill proberbly be more agressive and buy at $4.50, $4.25 and $4.