Seems FRM has been hit by the 12 month Tax sellers phenomena . This is the process where by those who have held for 12 months sell down there holding to take advantage of the 50% tax discount ..This offload process usually takes a couple of months before they are all cleared out ... then I suspect the rally will continue. So don't be surprised when the tax sellers sell strongly into any rally in the short term.
Same has recently happened to ZIP and also a good example is the sell down 12 months after the 1st SYR
Ann: CEO's Address to Shareholders, page-13
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9.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.52M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89033 | 9.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 32000 | 1 |
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