Back and forth, back and forth. It's called auto eroticism, reward enough in itself. These guys would be on wood thinking how bloody clever they are with someone else's money.
And yes they are probably making a few bob while they squeeze the life out of the sp. The shorts would sell at the top of the range they create (because they know where they will begin dumping their shares) and their chums would lap up the scraps as the sp falls because of disenchanted retail holders.
For anyone who has held RFE shares over the last year, the opportunity cost has been enormous given the activity in other areas of the market. Reason enough for lots of holders to have sold out until RFE shows clear signs of having broken out of the current range. Sp needs to hold over 80 to engender any sense of confidence in the direction of the company again IMO.
Activity report likely next week. Should we expect a last minute push to the low 60's before a euphoric rise to low 70s again? Some know but most of us don't unfortunately.
Notice a triangle forming on the daily chart that should lead to a breakout one way or another next week. Be nice if it was up on the back of some much anticipated news. Maybe Euroz will let us know what's going on because the company sure ain't saying much these days.
RFE Price at posting:
66.7¢ Sentiment: Buy Disclosure: Held
