RDF redflex holdings limited

bit of a severe pullback happening...., page-19

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    re: rdf -where to next week If history is any guide I would say a open above $3.70 on Monday. But it wont last long. Another shake of the tree to get some more traders out, back down under 3.50, a bit of consolidation and a close of 3.62 on Friday. Probably then trade between 3.50 and 3.70 for a while before moving back towards 3.90/4.00 for more consolidation

    I am expecting 2005 to be a year of consolidation. The price has run up a bit quick over the last year and needs to take some time off the clock to allow the PE ratio, EPS etc to improve a bit.

    I continue to hold for much higher prices
 
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