http://www.rcg.tv

Great to see institutional buying that was proabably investec plan to remove small shareholders due to their 48 page negative note! More aqus on the way I expect due to share placing

I hear SCSW has said its time to take profits on RCG and SOLA, could see some downward pressure on both on Tuesday.

SCSW????

http://www.scsw.co.uk

more new products to be launched for Rcg check out their website about the INTEL meeting in china next week!

RCG Mentioned in the FT today:

Small Talk: RC Group bucking the trend among AIM Chinese companies - Investor support for International Biometrics Group

lots of invester support for rcg veron who ever they are have increased stake in rcg to 27%...

Veron's principal Madame Wang (wealthiest woman in Honk Kong) died on April 4. Could put that stake in play or at least in question until the succession is decided.

Rcg having a bad time of late, the Veron thing has upset the share price I am out at the moment, but RCG is still a bargain when veron gets sorted out, anyone have any good news about RCG?

argos7, I have been bearish on RCG since results (the only one at the time) and its been proven to be correct. It has created lots of agression, and to that extent I have stopped posting on the AFN thread, as too many people were becoming unrational and bordering on becoming abusive.

I posted on the TMF CQ thread prior the AGM that I though there was a seller offloading, and this still appears to the the case.

The thing of worry is that yesterday saw them speed up their selling by lowering their price. Look at Leadcom late 2006, if you get a seller who wans out quickly, they can and sometime do "dump" at any price, and this can take the SP crashing down with it.

I hope for RCG holders sakes that a seller like Leadcom had last year, is not going to give them the same frustration now.

Papal Power my stop loss in RCg was hit yesterday with the big sell of in the afternoon. I have been concerned for months that the fx laptop (30% sells) would not sell because it only runs on win xp not vista yet, they say a vista laptop will launch 2nd half! Head and shoulders top forming.........

argos, the thing that struck me, and that every poster on ADVFN seemed to ignore, was the "Statement re Share Price Movement".

At no time did Chu say "no reason for the fall"..........all they said was about the Veron episode.

If you have rose tinted specs on you miss it. If your not wearing them you see that they are clearly saying what the reason is for the fall. Obviously, IMO, some or a fund manager was really upset at the lack of transparancy, and told Chu where to go IMO, and started dumping the stock.

However, the bulls were ignoring this and saying that at the AGM Chu would make a wonderful update and all would be good and ahead of forecast then..........they clearly made people miss the message, the message was the reason for the fall was the Veron goings on..........and that is why that point was clarified in the movement RNS.

Thats what it looks like to me, as to why the seller is dumping.

IMO, DYOR !!

agree with what you said papal power. Once they have stopped dumping the stock and if trading is the same as last year if not better there should be some bargain prices b4 the ints in september.. I have taken my profit glad I put my stop loss in, and have learn a lesson! Take a guess of how fare rcg will fall?

argos, no idea if it will stay where it is, fall more, or not. Its already fallen over 30% from results. It might fall 50%, it all depends on the seller.

Presently the buying power of the bulls is being eroded, this is the way all sellers work, they start to offload stock, and the bulls buy, the offload more and the bulls buys more, when they start to dry up they move the price down, and the bulls see it as cheap and buy more.........and so on the cycle goes. How low it goes depends on two things, what price buyers are willing to pay for volume, and how low the seller is willing to go to dump stock.

Fundamentals and charts mean nothing when a seller is dumping.

Its nasty when it happens, Leadcom went through this late in 2006.

I hope for RCG holders that it does not dip down too far and for too long, but cannot say myself where its going now, that depends in the highest degree upon the seller.

Papalpower - interested in your view. Do you imagine that when the seller stops, a floor will be set and then we'll start the climb back up to nearer the placing value (over how long?), or do you see this process as causing a longer lasting setback to the SP?

Once the seller clears the price should then come back, it will be weaker, but it will come back upwards.

I would watch 118p as a key level, the seller in recent past has turned on at 118p and off at 104p.......so the question will be when it rises, will they come back at around 118p again ?

I would not like to make any predictions, however with this much stock now out in the open, it should cause a general weakening of the price.

looks like RCG has hit its support level at 99p to 1. On a PE of 11 ish with new shares taken into account!

Papalpower - thanks. Your 118p sell trigger would fit with the formation of a RHS of an inverted
head and shoulders, coming back down to 104, before heading back up and hopefully past 118 to nearer 136 (118 + 118-100) - if we can clear the seller in one more cycle.

LONDON (Thomson Financial) - Servocell Group PLC said RCG Holdings Ltd, a biometric and radio-frequency identification (RFID) security systems firm, has joined its ProActive Partnership programme. Under the deal, RCG's fingerprint access/control device technologies will potentially be used in its forthcoming range of finished locks.

Financial details of the deal were not disclosed.

market seems to keep on testing the bottom for this niffy little biometrics play. As a proud holder from march 2005 I have topped up numerous times but am waiting for the second wave.....250p by end of year!!!!