not long now

hi holders, trying to hold back the excitement, not long till RFE takes off.
dont know if anyone noticed but the sales today plus the shares left at 40c equalled the large order dropped in late in yesterdays trading, largish holder about to exit, hopefully there will be no other sellers to fill this holders place, the buy side is building dramatically, not small orders either, this should be a signal to sellers that are currently in the sell stack, dont sell.

almost 530,000 shares buying from 38c to 39.5c, surprise surprise, either large new investor or brokers recognising the double bottom pattern.

my opinion only of course.

had a bit more of a look over the top20 tonight, got a few figures to look over.

from 23/9/10 to 18/10/10 the top20 increased by 744,746 shares.

the top 4 remained unchanged.
Citicorp Nominees bought 236,084 shares
J P Morgan/ANZ Nom bought 487,085 shares, our largest net buyer.
National Nominees sold 90,937
HSBC Custodian sold 161,699
Marie Scodella & Assoc bought 389,611, our second largest net buyer.
Dalny P/L dropped out and C J Bova came in, an overall decrease there of 115,398

so the top 20 has grown, so why have we dropped SP.
looked at the top 170 parcels, ie shareholders with 100,000+ shares, and looked for changes of over 50,000 shares.

there were a few, there were 8 net sellers totalling 1,315,317 shares and 4 net buyers totalling 521,777 shares.
basically the difference went to the top 20.
with RFE being so tightly held( turns over share base ever 2 years and 5 months, ASX average 11 months), just a few medium sellers can have a dramatic effect, especially when we were in a down trend.

but things are definitely looking up, good luck holders

GO RFE