AEJ 0.00% $8.00 redbank energy limited

bots' day (08-06-2010), page-3

  1. 963 Posts.
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    An interesting day yesterday (Tuesday 8th) - quite a few round number trades (ie 100,000 shares) throughout the day and quite reasonable volume.

    Someone continues to soak up this stock as the information vacuum continues and weak hands fold and trade their holdings. This has been the case now for the past couple of weeks where the demand has been strong on a daily basis however the weak players have folded into this volume and so the buyers have been allowed to dictate the daily price and even squeeze it down further.

    Looking forward to this information vacuum being filled in the coming weeks / months so that we can trade into an informed market.

 
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