RDF 0.00% 95.8¢ redflex holdings limited

is it a buy or sell, page-2

  1. 5,802 Posts.
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    I think the sell-off is still one or two big investors or instos on a bunny hunt. Using ProTrader in real time, it was amazing how a SELL parcel suddenly appeared at about 50 cents below the going price on that first down day, and within 30 seconds, it was right down there. All the auto-stop losses triggered in a cascade. Then as the day moved towards the close, the BUY orders for parcels of 20 and 30,000 shares started to sneak back in and the price closed back up just below the opening. Same on the next couple of days, as people panic-sold without thinking about the underlying value of RDF.

    Interesting that so many BUY trades went through of muliple thousands (i.e. BIG buyers) that each wiped out several layers of the SELL column depth (i.e. lots of smaller sellers).

    Smells like a shakeout to me, and I'm still holding my RDF. Results are due out in the next few days.

 
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