RDF redflex holdings limited

stop levels reached and out they hop, page-5

  1. 3,702 Posts.
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    Hrock
    Just because the stock falls by a few cents does not mean day traders. Maybe a few small traders selling, but that happens in any stock.

    What about a conspiracy theory. Maybe someone selling down to try and accumulate at a lower price. Price went from 98 to 90 on about 60,000 shares . At times the depth gets very thin on both sides in this stock and maybe someone took the oportunity to push the price down so as to accumulate a lot more at lower prices.

    I really dont know why the stock got hit around lunch time. Does not really matter, probably creep back up a couple of cents tomorrow and Friday. In the end the price will be several dollars so who really cares about a few cents here or there. The trend is definately up along with revenues and profits.
 
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