RDF 0.00% 95.8¢ redflex holdings limited

predictions please, page-2

  1. 5,800 Posts.
    lightbulb Created with Sketch. 96
    KMN - that was an excellent post, and the point about RDF being included in the ASX 300 etc is a very good point. As far as I can tell, the only advantage to being included is that institutions are more able to invest in the stock, so liquidity would improve. But then, so would volatility based on sentiment and reaction to fundamentals. However, in the case of RDF, I feel that the fundamentals (speaking as a pure chartie here) are plenty strong enough to carry it onwards and upwards. Their business model in the USA is mind-boggling in its potential.

    As to where the share price will go - who can tell? Someone much wiser than me said that predicting share prices is the surest way to go broke fast. However, like you, I have bought into RDF bigtime (I'm surprised you put your Sentiment as ST Buy - mine would be LT Buy). So, I hope the SP keeps heading north-east with the occasional breather to prevent a blow-off top. What we are seeing at the moment is a tightly-held, thinly-traded stock, where a single, small trade can alter the SP by several cents, as people get desperate to buy or sell. THAT would be the main advantage of inclusion in the ASX 300 etc as far as I see it - less day-to-day fluctuations based on a few shares traded.
 
watchlist Created with Sketch. Add RDF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.