Jockey 202, that 100,000 sell order looked genuine to me. It didn't disappear when it was pretty much next in line.
As Trade4Profit has said, basically look away with this one and come back in a few months.
I noticed a post about TRF requiring market support.
Well the market isn't so stupid as to dismiss a prime location, developing iron ore resource that gives TRF about $25/tonne profits.
In my opinion all is not as it seems with the trading.
Investors who chase a share on the rise to first purchase, short term traders and weak hands are being taken out by those who understand the value of what TRF is sitting on.
With the stock having fallen 30% in quick time it is easy to play upon the fears for those who are unable to assess the value of TRF's iron ore or tempt those who are able to assess what it is worth to fear that something must be wrong.
And TRF is much more than its iron ore .. eg. look at its joint venture with ZFX.
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