Many times I have seen a Share run up (not just RCP) in price before an average or an Announcement which lacks information. Now bearing this in mind if short selling Brokers are privy to what is in a forthcoming announcement they could well push the Share price up by the use of 'dummy orders' and then short sell the stock to many unsuspecting Traders who follow the Green at peak prices then when the lack lustre Announcement hits the boards, the privy to information Short selling brokers, could cover themselves as the share price falls.
So looks to have been the possible case here recently because that recent Announcement by RCP was short on details in a number of Areas.
Companies like RCP need to be aware of this and tighten up on their announcements and supply more details like, why they did not have a Truck lined up ready to go here and what the pictures in the in the announcement actually indicate.
No responsibility taken for any losses in association with this posting.
Regards,
moly
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- recent run up was typical of the a.s.x.
recent run up was typical of the a.s.x.
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