Given the few small sells today, is anyone else here impressed with how well RTL is holding steady?
This is confirmation imo, that the larger volumes we have seen is NOT trader churn, but in fact massive accumulation.
I use the word massive since - on Friday turnover was 117 million shares, then Tuesday 30million and today 7 million.
Assuming traders were taking profits yesterday and panic merchants jumping today - roughly 80million shares are still being held since Friday's volume day ie 12.78%
And the sp is still ABOVE 4c.
Smart money is definately buying today imo
Gee RTL could actually go green today!
Cheers,
The Sparkler
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