That was some serious buying. It all started at 3:38pm when one buyer took out 10 million shares at 10.5 and 11 cents. That's a serious investment of about A$1.1 million in one hit. Someone really wanted RPT.
In the next 20 minutes another 10 million were traded, much of it in large lots. This tends to indicate to me that there was a big buyer lurking and there should be more gains to come tomorrow. The flag formation gives a target of 14 cents and I think they will hit it. After that I have no idea but given todays buying they could go higher.
I'd appreciate others views.
RPT
redport limited
