RFT 0.00% 0.8¢ rectifier technologies ltd

Takeover?News? or bargain buying?, page-23

  1. 6,277 Posts.
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    Just took a look at Comsec Course of sales this morning. There were 2 line wipes, the first chomp was about 250,000 shares took it from 3c to 3.3c, the 2nd chomp followed pretty soon after, was about 350,000 shares took it from 3.3c to 3.6c. Two individual buying entities or perhaps the same entity in two tranches. I reckon the remainder shares bought thereafter were probably FOMO buyers. Those two line wipes suggest someone was in a hurry. They could have upped their bids slightly by a pip from market open and probably, if patient, could have got the volume they wanted over a week or two at a lower average buy-in price.
    If a sales order had landed on RFT's desk this morning they would have called a T/H as they have done previously when in receipt of a significant EV related sales order. Since no T/H then it leaves to conjecture what triggered those two line wipes in quick succession and from whence it came.
 
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