RSO has been showing support around $5.38 and resistance in the $6.32 price range. It is rated buy with the $7.38 target price in six months.
Wow, you did go back a few weeks to read the posts. There is a wealth of information on this M/B.
I stand by what I said then and my analysis still confirms it. No one who is long should get in any panic now. Traders will trade in and out, but the long term investors should just collect the good divys without worrying about short term pps movements.
As always, do your own DD.
(I was 'bounty' then in case someone did not know it)
It is rfated a buy?? By who??? That stoxline site??
Thats like Harry at the barber shop endorsed it. Do you have anything other than 5 guys and a website with a endorsement? I dont think you will.
If you are looking for an endorsement, try looking at the list of institutional investors that own 40% of the stock.
Of course, I'm sure you know soooo much more about investing than they do.
BTW, did I mention we are earning 16% on our investment here, with price appreciation a given?
I see little movement until next dividend. I think the market still doesn't believe that this level of dividends can be maintained much longer. Heck, I'm and RSO long and I have my doubts. Hopefully we'll remain in the 6-7 range and not drop back down into the 5-6 range but a lot depends on the rest of the market and the general perception of the state of the economy. Meanwhile the dividends are keeping my happy. GLL