RED 0.00% 34.5¢ red 5 limited

The seller with large 500K and 1m sell orders at various prices...

  1. 12,893 Posts.
    The seller with large 500K and 1m sell orders at various prices up to 13 cents is not genuine in my opinion. I mean if you were a genuine seller acting logically wanting to achieve the best price with millions of shares to sell would you declare your hand in one go - think about it and I believe you'll agree with me that the answer is a resounding "I don't think so". Now some of these large orders have been hit but that does not mean that whoever is behind the orders is a net seller. What I suspect is the large seller and the buyer are representing one interest and in fact this person / organisation is actually a large net buyer of RED.

    In any case it is all speculation at this stage but we should know soon enough through substantial shareholder notices.
 
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