A couple of days ago I posted a chart of VWAP figures I've been keeping.
It shows a different pattern to the charts we usually look at and my interpretation of that chart is backed up by substantial holder notices.
I believe the price was hovering around the $1 mark (between 90-110 for a week or so as all loose shares were mopped up at that level. When those shares dried up, the price was allowed to rise to 120-130, and no doubt our big buyer will try and keep it here for a while, but they already know the well has run dry below $1.
This is just my opinion, and everyone is entitled to their own, and noone should be criticised for taking a nice profit off the table - it is a bit irritating to try and justify the sale by trying to convince others that the price is going to drop though :-)
Personally I've just sold some other shares because I'm worried about where the overall market is going, but I'm not selling RFE.
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now we know who owns all the stock., page-93
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