Pinned straw:
I find it interesting that $RUL are still buying back shares - albeit low volumes. The program was a non-brainer at $1.40-$1,60, given that they aren't spending a lot on developing the platform,which would be my preference, and are focused on deployment.
I assume momentum traders are at work, with 5 buyers to every seller at the moment.
However, SP has run up hard in the last 4 months, so I wonder what view on value the Board has? Some StrawPeople see further to go. Guess I need to go back and do my own valuation.
Not complaining, just observing.
Disc: Held in RL and SM
thunderhead
Well, I was contemplating adding to my position, most recently around the $2.10-$2.15 mark. I hesistated, partly because of the already reasonable weighting, and sure enough, shares are past $2.50 within a couple of a weeks.