I believe that bots are still reigning this stock in, and maintaining it at the 1.20 mark. Following the trading halt, we had buyers lining up at 1.31 (poor bugger), and sellers at 1.19 sharply pulled the SP back down. Who would sell at 1.19 when you had buyers at 1.34? Not to mention the lack of announcements that we are due (they are only announcing what they know they must), tells me that bots are still active, and the only reason I can put this down to is the issue of the share placement.
However, I don't understand why they need to continue with the bots since the issue has been passed by shareholders?
In any case, I can no longer use this as a buying opportunity - I have bought as much as I can now, so it is rather frustrating.
I wonder what RFE will do with their 16M. I don't think they will sit on it for long.
In for the long run still.
RFE Price at posting:
$1.18 Sentiment: Buy Disclosure: Held
