mmqq123, will probably go a bit further from previous post.
the BLATANT manipulation/accumulation occuring needs to disappear before there is ever a "TIME" for RFE. I know it cant last forever, who ever they are (have suspicions) will want the price to run.
but who ever this is, they must think RFE shareholders are the stupidest people on the planet. what a blatant attempt at capping the price today, the SP gets back to 43c and in pops 179k sells at 45c, that will stop those pesky buyers and will hopefully pull out a few suckers to fleece.
it sucked out 1 10k seller at 41.5c but not really achieving anything at the moment. RFE is a clear buy on fundamentals, but buyers are worried, why did the SP go backwards when everything looks good- because someone has managed to destroy confidence, in fact that has been the ultimate goal, create fear among shareholders, buyers will wait and see and holders will be scared there is something wrong and sell at stupid prices!!
you could almost guarantee that the sell orders at 48.5c,49c and 49.5c are bogus, they popped in to stop the initial run on 22/12/10 and 23/12/10, even though the price has dropped to significant levels lower, they are there purely for volume on the sell side.
i have been wondering why there was a 500k xtrade on the day after the big announcement at 44.5c and yet the price has continually being held back ever since.
if you sold the SP back down so you could facilitate the xtrade ( buyers always set price in this situation) would you not want to see the SP at least hold steady, if not shoot up??
the answer to that seems to be- not if you still want to accumulate even more at the same price or lower, perhaps the reason for the cap at 45c???
so who bought shares in that xtrade, as previously mentioned this was Citicorp, could have been no one else going from the top 20s i have received.
anyway, got that off my chest, lets hope for some NORMAL TRADING in the near future.
RFE Price at posting:
41.5¢ Sentiment: LT Buy Disclosure: Held
