one 50K bid at $1.87 yesterday seems to have started this strong rise. Almost certainly someone who doesn't know this stock, all that size bid does is to put a floor under the price and push it higher. Today another single bid of 50K at $1.93, silly bidding.
As to $3? Probably sooner rather than later as there is a savage scrip shortage in this stock now. At the beginning of the year I had thought $2 by next Xmas, maybe that will be $3.
Paul's idea of a parallel with Toll Holdings is uncanny when you look at the Toll chart mid '99 to March '00 and compare it with the last 9 months of RDF. Maybe RDF is fast headed along the Toll graph line.
RDF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
