Who remembers when RIO first jumped in and the share price went from 88 cents to 1.50 really quick?
Well, i'm feeling that same eeery quiet as then. Its almost identical to then. a big surge in buying, with high volumes and lots of interest, and then quiet. Last time, RIO waited for nearly a week for the traders to get scared and start selling their positions down into RIO's hands. after a week, they burst out again on a second big splurge. and once again there was calm. a cunning plan.
and it seems to be unfolding again now. i wonder who amongst us will learn from our mistakes of selling down to them and who will not? i know that it cost me some cash last time trying to take a few cents, this time however, i am not going to be so silly.
i wonder who the accumulator is, it can't be RIO, as they have enough shares, it could be a new entry trading under several nominee companies, or it could be a combination of lots of bigger holders topping up alongside of its addition to the asx300. all i know is everyone should be holding on tight!
EXT Price at posting:
$2.99 Sentiment: Buy Disclosure: Held
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